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Jim Cramer Is Watching Facebook’s Earnings on Wednesday

TheStreet’s Jim Cramer is keeping an eye on Facebook’s fourth quarter earnings, released after the markets close on Wednesday.
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TheStreet’s Action Alerts PLUS Portfolio Manager Jim Cramer is keeping an eye on Facebook’s (FB) fourth quarter earnings, released after the markets close on Wednesday. Wall Street expects the Menlo Park, Calif.-based social media giant to post net income of $0.68 a share on sales of roughly $5.4 billion. During the same quarter a year ago, Facebook reported profit of $0.54 per share with revenue of about $3.9 billion. Facebook is a holding of Cramer’s charitable trust, Action Alerts PLUS. ‘Facebook users continue to grow,’ Cramer said. ‘Even when these companies beat their numbers there tends to be a dramatic fall in the stock, particularly in Facebook. The time to buy Facebook is after you’ve digested the call, listen to them and realized that the stock has completely gotten hammered. Then look at it on 2017 numbers, not 2016 numbers, where it’s actually not that expensive.’

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