Ads 468x60px

About Me

Darren Winters is a self made investment multi-millionaire and successful entrepreneur. Amongst
his many businesses he owns the number 1 investment training company in the UK and Europe.
This company provides training courses in stock market, forex and property investing and since
the year 2000 has successfully trained over 250,000 people.

Wednesday, 18 July 2012

Facebook Stock Drops as Investors Fear Slowing Sales

Facebook‘s stock price fell 8.1% — its biggest drop since May 29 — as investors feared the company will report slowing sales next week.

At the close of business on Monday, Facebook was trading at $28.25, a 26% decline since the company’s May IPO, though the stock was up slightly in after-hours trading. The company is expected to report second-quarter sales of $1.16 billion, according to analysts’ estimates compiled by Bloomberg. That compares to revenues of $1.06 billion in the first quarter.

Analysts also expect Facebook to report earnings of 11 cents per share, a figure that has declined 11% over the past four weeks, according to Bloomberg. Facebook is expected to announce its second-quarter earnings on July 26.

Laura Martin, an analyst at Needham & Co. in New York, told Bloomberg that she and other investors will be watching Yahoo’s earnings on Tuesday to get a sense of how the online ad market is doing. “Some of the stock weakness could be in anticipation of weaker earnings,” Martin told Bloomberg, referring to Facebook. “We’ll have a better idea about the picture after Yahoo reports earnings.”


Post a Comment

Blogger Templates