Stocks to Watch: Facebook, Zynga, Exxon, 3M
NEW YORK -- Facebook
Analysts expect Facebook to report a profit of 12 cents a share on revenue of $1.15 billion.
Facebook's IPO in May was a flop, but the real issue for analysts and investors is whether Facebook can generate meaningful revenue from its mobile platforms.
Facebook partner Zynga
Zynga reported second-quarter earnings of 1 cent a share on revenue of $332 million. Analysts had expected the San Francisco-based company to generate 6 cents a share on $344.85 million in revenue.
Regarding its fiscal 2012 outlook, the FarmVille maker cited a "a more challenging environment on the Facebook web platform." It now sees earnings of 4 cents to 9 cents a share. Wall Street analysts were looking for earnings of 27 cents a share.
Other high-profile reports Thursday include Starbucks
-- Written by Joseph Woelfel
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