Facebook (FB) announced on Friday that the company will release its second quarter financial report on July 26. This is the first earnings report since the Facebook IPO on May.
The current Facebook stock price is still lower than the $38 IPO price. Friday Facebook stock price moved down 0.85%, or $0.27, to close at $31.10 on the Nasdaq Stock Exchange in regular trading.
Analysts on average expected Facebook would post a net profit of 12 cents per share, on revenue of $1.15 billion.
According to a survey by Thomson Reuters, analysts expect Facebook’s earnings per share would be 10.4 cents. Facebook did not specify which executives will participate in the conference call with analysts.