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10 Key Takeaways From Facebook's Fear-Reducing Earnings Report

Eric Jhonsa

Facebook reported Q1 revenue of $11.97 billion (up 49% annually) and GAAP EPS of $1.69, topping consensus analyst estimates of $11.41 billion and $1.35. With concerns about the fallout from the Cambridge Analytica scandal weighing, Facebook went into earnings down 18% from an early-February peak of $195.32, hit shortly after the company posted a solid Q4 report. Jim Cramer and the AAP team hold a position in Facebook for their Action Alerts PLUS Charitable Trust Portfolio.