Save the date: Facebook sets time for first earnings report

(Credit: Facebook)

Get ready for another wave of round-the-clock analysis over Facebook’s business.

The company today set July 26th as the day it will release its first earnings report since going public May 18th, according to note posted on Facebook’s investor relations page.

Facebook will be report earnings for its second quarter. The company posted $1.6 billion in revenue for its first quarter — a report it put out during the run-up to its IPO — and net income of $205 million, which was down 12 percent from the year-earlier quarter.

The stock, as you can see from the chart below, has recovered a bit recently but is still down 18 percent from its offering price of $38 a share. Given that, Wall Street is unlikely to forgive much and instead will pick apart its earnings report for any signs of trouble.

What will investors be looking at? Aside from revenue growth, profit and key metrics such as user growth, they will want to see evidence of money coming from mobile. That is Facebook’s big problem (and many web companies). Facebook is seeing more of its users shift to mobile, and the company is now working on ways to make money that transition. It only started showing ads on mobile in the end of February.

Facebook’s stock performance since going public on May 18.

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via CNET Latest News

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