Boston, MA, 07/23/2013 (nysepost) – Tech giant Facebook Inc (NASDAQ:FB) will announce its second quarter results by this week probably on Wednesday, July 24, 2013. The company arranged a conference call after the results announcements on the same day. Facebook is releasing results with other industries like automobiles, trains, industrial chemicals, soda and planes. In order to make double digit earnings growth and revenue the company is expected to hold a strong presence in mobile market. Wall Street expect that it will earn $0.14 this quarter however it focuses more on FB’s mobile market. In the last quarter results of the company, Monthly Active Users of mobile worldwide increased by 54% from 488 million to 751 million and contributed to 30% of advertising revenue.
Several analyst rated the shares of Facebook Inc (NASDAQ:FB) where twenty four rated to Buy and five have given hold rating to the shares. Recently the company gave access to everyone to use graph search which is introduced in January this year, this search provides more specific filters based on keywords, people, photos, interest and place. Thus hereafter Facebook Inc (NASDAQ:FB) users at top of their news feed can see a new search box.
Shares of Facebook Inc (NASDAQ:FB) increased by 0.63% to close at $26.05 per share on Monday, with the opening price at $25.99 per share. The company had through the day moved in the intraday price range of $25.72 to $26.13 per share. With 2.42 billion outstanding shares in the market, the stock has 34% institutional ownership of capital and $62.9 billion market capitalization. The 52 week low is at $17.55 and 52 week high is at $32.51 per share. There were 27.53 million shares of trading in the company’s stock on Monday and the average volume is at 32.59 million shares per day.