Facebook Earnings: What to Watch

Facebook expected to earn $1.35 a share in its latest period, up about 30% from a year ago

Facebook Inc. is scheduled to announce first-quarter earnings after the market closes Wednesday. Here’s what you need to know:

EARNINGS FORECAST: Facebook is expected to report a quarterly profit of $1.35 per share, up about 30% from the prior year, according to data compiled by Thomson Reuters.

REVENUE FORECAST: Analysts predict Facebook...