As Facebook (FB) - Get Meta Platforms Inc. Class A Report reports earnings for the second quarter of 2017, the focus will be on the social media giant's ad revenue and user growth, as always, but also the progress of its video efforts and the level of its capital expenditures. For the quarter, analysts are expecting the Silicon Valley giant to report GAAP (Facebook no longer reports non-GAAP) earnings of $1.12 per share, up from 97 cents in the year ago period. Revenue is expected to come in at $9.2 billion, up from the $6.4 billion reported a year ago.
Eric Jhonsa, TheStreet's tech columnist, will be live blogging the company's earnings numbers, which will be released after the market close. The company's earnings call is at 5:00 p.m. ET.