(KCEN) -- Facebook isn't doing so hot in the stock market right now.
The company's shares fell Thursday after its first quarterly earnings report as a public company failed to wow investors.
Shares fell more than ten percent to around $24 in after-hours trading.
That's nearly 40 percent below the company's initial public offering price of $38 a share.
However, Facebook did beat analysts' revenues expectations slightly.
Revenue rose 32 percent from a year ago to nearly $1.2 billion.