Facebook is set to release second quarter earnings after the markets close on Wednesday. Analysts expect earnings per share of $0.81 on sales of $6.01 billion. IHS Technology analyst Eleni Marouli, based in London, expects another strong quarter for the social media giant and is looking for commentary surrounding the monetization efforts of Facebook Messenger, which crossed 1 billion users last week, and its popular photo-sharing app Instagram. TheStreet’s Scott Gamm reports from Wall Street.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
