Twitter stock leaves investors disappointed in first quarter
Newscast Media NEW YORK—While beating earnings and revenue expectations in its
first quarterly results as a public company, Twitter has left investors disappointed.
The stock dipped 11 percent after it reported its slowest pace of user growth.
Twitter Inc. posted a better-than-expected fourth quarter revenue on Wednesday in
its first results since its flotation on the New York stock exchange three months ago.
Revenue doubled to $243 million from $112 million a year earlier. According to Factset,
analysts had expected revenue of $218.1 million.
Its net loss of $511 million, or $1.41 per share, in the October-December period was
also lower than the 2 cents per share predicted. CONTINUE TO FULL ARTICLE>>