Facebook Earnings Call Offers Shot at Rebuilding Image
By Brian Womack - Jul 23, 2012 6:21 AM ET
Facebook.com
Facebook Inc. (FB) this week is getting its first crack as a public company to allay the growth concerns that have made it the second-worst performing U.S. technology initial public offering of 2012.
The shares have tumbled 24 percent since Facebook, the largest social-networking service, held a May 17 IPO marred by technical glitches and signs that its price was set too high. Executives, probably including Chief Financial Officer David Ebersman and Chief Operating Officer Sheryl Sandberg, will hold a conference call July 26 to discuss second-quarter results.
“This call is really critical for this company,” said Paul Argenti, a professor at Dartmouth College’s Tuck School of Business in Hanover, New Hampshire. “This is going to be an opportunity for them to really make a difference in terms of their investor relations strategy and set the record straight. They need to gain that momentum back and the exuberance that they lost as a result of the IPO.”
More: http://www.bloomberg.com/news/2012-07-23/facebook-earnings-call-offers-shot-at-rebuilding-image-after-ipo.html
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