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Published on Jul 27, 2016
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.
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