NewsMV
Revenue guidance from Meta (META) came in below analyst consensus, sending shares lower in the session.
The company also narrowed its capital-expenditure range for the year, a pairing that put free cash flow under additional pressure and unsettled a setup that had been pricing in stronger forward momentum.
The guidance print A weaker-than-expected revenue forecast does the most damage when it catches a crowded setup.
Meta's outlook fell short of what the market had priced in, and at a company of Meta's scale, the gap between guidance and consensus tends to drive the session more than any single quarterly line item.
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