Friday, July 27, 2012

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Live Blogging Facebook’s First Earnings Call

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.

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