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Facebook went public two months ago at $38 a share, with a projected market valuation of $100 billion.
Analysts were expecting 22 to 25 cents a share, with a consensus estimate of 24 cents, according to Thomson Financial.
Instead, T-shirts awaited, but it was a foolhardy purchase, and American Apparel is now trading around $2 a share with a market capitalization of about $214 million.
In an ideal world, it'd be floated on the stock market for $38 dollars a share, with a company value of $104 billion.
Analysts had expected the company to report earnings of $1.50 to $1.66 a share, with a consensus of $1.58 according to Thomson Financial/First Call.
Still, Wall Street had predicted that Goldman would earn 81 to 96 cents a share, with a consensus estimate of 89 cents, according to Thomson Financial/First Call.
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Class A shares, with an upfront charge of 5.75percentt, have annual expenses of 1.85percentt.
Earnings for the entire year are forecast at $2.17 to $2.20 a share, with an average of $2.18 a share.
Analysts expected the company to earn 19 cents to 36 cents a share, with an average estimate of 30 cents, according to Thomson Financial/First Call.
Analysts had expected the company to earn from 88 cents to $1 a share, with an average estimate of 95 cents, according to First Call.
The estimates for 1999 are 72 cents a share, with an accumulate rating on the company.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com