Facebook has beat Wall Street estimates with each of its last three earnings reports. Will it manage to do the same this time around?
The social network is scheduled to report its March quarter earnings after the market closes on Wednesday. The consensus among analysts surveyed by Thomson Reuters is that Facebook will post earnings of $0.24 a share on revenue of $2.36 billion. That would be a significant increase from the same quarter a year ago when it reported revenue of $1.46 billion.
Advertising revenue is expected to come in around $2.13 billion, thanks to strong growth on mobile. Shyam Patil, an analyst with Wedbush, wrote in an investor note that mobile ad revenue should total nearly $1.2 billion for the quarter, up more than 200% year-over-year Read more...
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