Earnings
Home›Earnings›Guidance›Meta declines to outline 2027 capex as investors weigh…
Meta declines to outline 2027 capex as investors weigh AI spending
Separately, Starbucks reported global comparable-store sales up 7.9% and raised guidance, while Meta said it would not provide specific 2027 capex outlook.
Meta’s position on future AI spending is drawing scrutiny after the company declined to provide a specific outlook for 2027 capital expenditures, a stance that Yahoo Finance links to renewed valuation pressure on some tech stocks.
In a late-Wednesday earnings call, Meta CFO Susan Li said the company is not providing a specific 2027 capex outlook at this time, and Yahoo Finance says this uncertainty helped trigger another earnings-day stock plunge.
The article also highlights Starbucks results as a counterpoint to the market focus on overspending, noting that the coffee chain posted global comparable-store sales growth of 7.9% and turned to profitability gains.
Starbucks reported adjusted earnings of $0.85 per share versus analysts’ $0.66 forecast, expanded operating margin to 14.4% from 10.1%, and raised full-year guidance, with CEO Brian Niccol describing the results as durable.
Latest closeCoffee $321.15 ▼3.3%