3 Things to Watch When Facebook Reports Earnings on Wednesday

Facebook is out with fourth quarter results on Wednesday after the markets close and here's a quick look at what analysts will be paying close attention to.
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Facebook (FB) is out with fourth quarter results on Wednesday after the markets close and here's a quick look at what analysts will be paying close attention to. Wall Street expects the Menlo Park, Calif.-based social media giant to report earnings of $0.68 a share on revenue of almost $5.4 billion. During the same quarter a year ago, Facebook posted net income of $0.54 a share with revenue of almost $3.9 billion. Steve Weinstein, senior internet analyst at ITG Investment Research is looking for details on what other products the company is looking to monetize. ‘We know revenue growth has been great for the last few years, but what other products are they going to look to turn the spigot on as we go into 2016?’ Weinstein pondered. He’s also looking for color on what Facebook’s spending for the year will look like. ‘Last year, they gave some rough guidance for how much they would increase their spending in 2015,’ he said. TheStreet’s Scott Gamm has details from Wall Street.