Facebook’s first earnings day as a public company has arrived.
The social networking giant reported earnings of 12 cents a share and revenue of $1.18 billion
That came in around analyst expectationsfor earnings of 12 cents a share on revenue of $1.15 billion. But shares are tanking after hours to new lows, down 11% recently to $23.93.
Now it’s time for the executives to face analysts in a public setting for the first time and the pressure will be on.
Deal Journal, with some help from our friends at MarketBeat, are live blogging Facebook’s first conference call.
The social networking giant reported earnings of 12 cents a share and revenue of $1.18 billion
That came in around analyst expectationsfor earnings of 12 cents a share on revenue of $1.15 billion. But shares are tanking after hours to new lows, down 11% recently to $23.93.
Now it’s time for the executives to face analysts in a public setting for the first time and the pressure will be on.
Deal Journal, with some help from our friends at MarketBeat, are live blogging Facebook’s first conference call.
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