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 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