NEW YORK (
reports its second-quarter results after market close on Thursday; its first since the company's eventful
The social networker's shares have plunged more than 28% since the company's botched public offering, and there are concerns that this trend will continue. After selling so much stock at such a high valuation, the
seem to have nowhere to go but down.
could also impact Facebook's results. The online gamer, which is a key Facebook partner, cut its full-year earnings guidance, citing "a more challenging environment on the Facebook web platform."
Investors on Facebook's conference call will be also be listening for information on the company's attempts to
, which are seen as key to its future. There has even been chatter that the Menlo Park, Calif.-baed firm could
the smartphone market.
Analysts surveyed by
expect Facebook to report revenue of $1.146 billion and earnings of 12 cents a share.
How do you think Facebook will fare in its first quarterly report as a public company:
Written by James Rogers in New York.
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