Meta to report first-quarter earnings after the bell

Mark Zuckerberg, CEO of Meta Platforms, during the Meta Connect event in Menlo Park, California, on Sept. 25, 2024. Meta is set to report its first-quarter earnings on Wednesday, and investors will be looking for any signs that President Donald Trump's tough China tariffs are affecting the company's online ads business. Here is what analysts polled by LSEG are expecting: Earnings per share : $5.28 expected : $5.28 expected Revenue: $41.39 billion expected Analysts expect Meta's China-derived advertising business to feel the most pain from Trump's tariffs. Online retailers such as Temu and Shein are slashing their U.S. ad spending, and China represented 11%, or $18.35 billion, of the Facebook parent's total 2024 sales. Meta's 2025 advertising revenue could be affected by $7 billion if those China-linked companies continue shrinking their digital ad spending as a response to the U.S.-China trade dispute, MoffettNathanson analysts said in a research note published last week. Analys ... Read full article.