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Amid heavy spending on new products, Facebook (FB) turned in better-than-expected earnings Wednesday after the market close, but shares erased regular-session gains. Facebook reported revenue of $4.04 billion, beating the consensus estimate of $3.99 billion, up 39% from the same quarter a year ago but its fifth quarter in a row of slower growth. Earnings per share minus items, as polled by Thomson Reuters, were 50 cents, beating the consensus by 3 Scalper1 News
Scalper1 News