Facebook releases first earnings report
Posted: Jul 26, 2012 10:54 AM EDT | Updated: Nov 6, 2014 4:43 AM EDT
Facebook will release its first earnings report as a public company.
The social networking site is under pressure to show it can deliver solid growth and profits for shareholders.
Facebook's stock has been up and down since its may public debut at an offering price of $38.00 a share.
Analysts expect Facebook to earn 12 cents per share on sales of more than a billion dollars.