
Meta Platforms' META.O shares are down 0.6% at $669.45 ahead of its quarterly earnings result after market close on Wednesday in line with the overall softness in the Nasdaq
Investors look to earnings amid strong advertising revenue growth across North America, Europe and the rest of the world except Asia Pacific
Analysts expect META's rev to rise 21% to $56.8 bln. Adj EPS is seen rising 2.6% to $8.23 as research and development and operating costs jump
META's rev and adj EPS have exceeded analyst expectations every time in the last 8 quarters
In November, META defeated a U.S. attempt to unwind its acquisitions of Instagram and WhatsApp when a federal judge ruled the company does not hold a social media monopoly
Among 65 analysts covering META, avg rating is "BUY" and median PT is $820
META is up 1.2% YTD vs NASDAQ Composite Index's .IXIC 2.4% increase