Tech behemoth Meta Platforms, Inc. (META) is set to announce its fiscal 2024 second-quarter results after the market closes on Wednesday, July 31, 2024. The company expects total revenue to be in the range of $36.50 - 39 billion for the to-be-reported quarter. The midpoint of the range, $37.75 billion, represents a nearly 18% year-over-year rise.
Meanwhile, Wall Street expects META to report an EPS of $4.67 for the quarter (ended June 2024), indicating a 56.6% year-over-year improvement. Its revenue for the same period is expected to increase 19.4% year-over-year to $38.20 billion. In addition, META surpassed the consensus revenue and EPS estimates in each of the trailing four quarters, which is quite remarkable.
