TWITTER BEATS THE STREET BUT SHARES SLIDE 13 PER CENT

Feb 05, 2014

By Michael Kramer

Share on

Twitter beat Wall Street’s sales and profit forecasts, but shares fell 13 per cent in after-hours trading on concerns about the company’s growth potential.

Shares dropped to $57.02 on the news. Twitter reported monthly active users at 241 million, a 30 per cent year-over-year increase, but well below expectations.

The company reported $9.8 million in net income, or $0.02 per share, on $243 million in revenue.

Shares of Twitter have seen a 47% run-up in trading since the company went public November 7.

Join Our Fan Club
Coverage Area
Downtown Toronto
96.7FM
Toronto HD
96.3 HD-2
Kingston to Windsor, Parry Sound to Pittsburgh
AM740
ZoomerRadio Logo

Recently Played: