Meta Platforms is set to report first-quarter earnings after Wednesday's closing bell, the latest in a salvo of releases from technology names.
The "Magnificent Seven" stock is currently trading about 6% below an all-time high it hit earlier in April as traders get ready for the latest news.
Here's what investors should know ahead of the release: How the stock moved last time Meta's fourth-quarter earnings, released in early February, prompted a major rally.
As a social media platform operator, they'll look at the total number of active users on a daily basis and minutes per active user.
Average revenue per user is another important metric, as it can show how much each active user contributes in terms of profit.
Persons:
Meta, LSEG, Rohit Kulkarni, Roth, Mark Zuckerberg, Kulkarni
Organizations:
Nasdaq, Meta, Investment, LSEG