They can’t win, lately.
Facebook exceeded expectations by a smidgen by posting $1.18 billion in revenue. Wall Street expected $1.15 billion. The $0.12 earnings per share was exactly what Wall Street anticipate. For most companies, matching expectations would be a good thing, setting a precedent of predictability early on and showing that the experts can call the numbers accurately. For Facebook, it didn’t seem to help as after-hours trading pushed the share price below $25, a dip of over 10%.
As Inside Facebook reports, there was some good news as Facebook reported approaching 1 billion users as of June.
Facebook released its Q2 2012 financial summary, reporting $1.184 billion in revenue, up 32 percent from $895 million during the same period last year. This puts Facebook right about where analysts had projected.
Is this the end of the bad news in Facebook public experience or is it going to get worse?
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“Facebook” image courtesy of lev radin / Shutterstock.com
