Hang in there, Wall Street. Friday is almost here. 

This morning the markets reacted to, and in some cases were challenged by, earnings from Facebook (FB) , Microsoft (MSFT) , Tesla (TSLA) , 3M (MMM) , Comcast (CMCSA) , Southwest (LUV) and more. 

Jim Cramer and ActionAlertsPlus.com research analyst Zev Fima are back to break down what it all means for your portfolio and what investors need to do next.

Time to Like Facebook? 

Wednesday night, Facebook surged on a strong set of first quarter earnings. The social media giant reported earnings per share of 85 cents on revenues of $15.08 billion.   

 Almost as a footnote, Facebook also said it has set aside $3 billion as part of ongoing legal proceedings with the FTC, which impacted earnings. Despite the potential size of the fine, expected anywhere between $3 and $5 billion, Cramer doesn't seem worried. 

Facebook Legal Woes =library fine

— Jim Cramer (@jimcramer) April 25, 2019

Are investors finally looking at a turnaround? Facebook is Real Money's Stock of the Day. Follow our comprehensive all-day coverage here.

Can Tesla Return to Profitability? 

During its much-delayed and always Tweet-worthy earnings report, Tesla reported quarterly revenue of $4.54 billion and an adjusted loss of $2.90. Analysts polled by FactSet expected revenue of $5.42 billion and an adjusted loss of $1.15 per share.

Responding to analyst questioning during its earnings conference call, Tesla attributed the wider-than-expected-loss to changes in production and noted that the automaker plans to return to profitability in the third quarter of 2019. 

Cramer isn't so confident that Tesla will deliver for investors, describing CEO Elon Musk as the "master deflector," and saying that Musk does whatever he can to throw analysts off during conference calls. "He is P.T. Barnum," Cramer said. 

Recapping This Morning's Earnings

Cramer breaks down what some of the biggest earnings reports Thursday morning mean for the markets. 


3M $MMM reports Q1 earnings:
- Adjusted EPS of $2.23
- Sales of $7.9 billion
- Organic local-currency sales decline of 1.1 percent; China, automotive, and electronics collectively down mid-single digits

— TheStreet (@TheStreet) April 25, 2019


Comcast $CMCSA reports earnings:
- EPS: 76 cents
- Revenue: $26.859 billion

— TheStreet (@TheStreet) April 25, 2019


Southwest $LUV reports earnings:
- Net income & earnings per diluted share of $387 million & $0.70
- Operating revenues: $5.1 billion
- Operating margin: 9.8%
- Net margin: 7.5 percent
- Operating cash flow: $1.1 billion
- Free cash flow: $945 million

— TheStreet (@TheStreet) April 25, 2019

Related. Facebook's Anticipated Record Fines Aren't Casting a Shadow on Share Recovery

Related. Earnings, Earnings and More Earnings, Facebook Results: Market Recon

Editor's Note. Zev Fima, Action Alerts Plus Portfolio Analyst, is filling in for Cramer Live host Katherine Ross.

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