Low Expectations for Facebook Earnings
Facebook Inc. (NASDAQ: FB) will release its earnings report after the closing bell today. Expectations are low, so the stock is unlikely to be knocked down from already poor levels. It is hardly worth repeating that the focus of Wall…
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
It is hardly worth repeating that the focus of Wall St. will be on whether the social network company has a single clue how it can make money with mobile product — either e-commerce or advertising-based ones. Facebook has said it will move into the e-commerce field, but there have been no signs at all the company can do that.
Facebook’s shares trade at a little above $19, compared with a high of $45.00 and a low of $17.55 since its initial public offering. As some analysts say, any disappointment about the company’s downside may already be priced into the shares.
Shares are up about 1% in premarket trading to $19.50.
Douglas A. McIntyre
Contact [email protected] for any questions or corrections.
Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.
Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.
Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.
Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.
