Facebook's 3Q Earnings: How To Make Money With 1B Members: Now that Facebook (Nasdaq: FB), the No. 1 social netw...

Facebook’s 3Q Earnings: How To Make Money With 1B Members |

sfluxe.com 23 Oct '12, 12pm

Facebook's 3Q Earnings: How To Make Money With 1B Members: Now that Facebook (Nasdaq: FB), the No. 1 social netw...

Now that Facebook (Nasdaq: FB), the No. 1 social networking site, has unofficially announced its membership exceeds a billion, the next thing investors want to know is if the company can make any money. With its shares off 50 percent from the May 17 initial public offering price of $38, a second-quarter loss and the prospect of bitter class-action lawsuits to begin in a still-undetermined federal court sometime next quarter, Wall Street analysts at least expect Facebook to report its first profit as a public company. The Menlo Park, Calif., enterprise is expected to report net income of $285.12 million, or 11 cents a share on revenue of $1.23 billion. While direct comparisons are difficult, a year ago, net income was $227 million on revenue of $954 million as a private company. Profit’s expected to continue into the fourth quarter, with full-year net of 48 cents a share on...

Full article: http://sfluxe.com/2012/10/23/facebooks-3q-earnings-how-to...

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