Facebook Falling into Earnings Release

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Shares of Facebook
FB
are getting hit ahead of the company's earnings release after the closing bell. Heading into the last hour of trade, FB had fallen 7 percent to $27.28. The weakness in the stock comes on the heels of a terrible earnings report from Zynga
ZNGA
which generates nearly all of its revenue through games on the Facebook platform. Zynga shares were last down almost 40 percent. While Facebook investors don't appear to be in full panic mode ahead of this crucial report, the company's first since its IPO, caution certainly seems warranted. Heading into the print, Wall Street analysts' have consensus EPS estimates of $0.12 on revenues of $1.15 billion. Look for the stock to be volatile in Thursday's after hours trading session as investors react to the company's numbers.
Posted In: EarningsNewsIntraday UpdateMovers
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