Twitter beat on earnings, Tesla faces big loss, Yelp missed on profits

  • Twitter beat on earnings, Tesla faces big loss, Yelp missed on profits

Twitter beat on earnings, Tesla faces big loss, Yelp missed on profits

On top of financial data, the company showed some pretty impressive growth in terms of users. Now (8:08), TWTR is trading at $32.50 per share after a gain of $5.59 per share or 20.77% thus far this morning. First Trust Advisors LP now owns 7,633,764 shares of the social networking company's stock valued at $128,782,000 after buying an additional 385,181 shares during the last quarter. While monthly users grew by 4 percent year over year, they stalled quarter over quarter, staying at 330 million total.

In its report card for the three months ended 31 October, Twitter hinted that it may finally turn a profit, something that its previous inability to do so confused investors, considering the platform's adoption by a multitude of celebrities and politicians. The high end of this range, management noted, would make the company profitable for the first time on a GAAP basis. The adjusted fourth quarter profit and revenue came in above street targets. Total revenue has risen to $732 million for the quarter, up 2 percent from the same time a year ago. According to their predictions high & low revenue estimates are 702.8 Million and 663.9 Million respectively.

Twitter also reported some good user growth numbers.

Twitter saw its Q4 advertising revenue increase 1% for a total of $644 million while data licensing and other revenue increased 10%, the company reported in a statement released today.

Twitter also swung to net earnings of $91.1 million in the fourth quarter, compared to a year-earlier loss of $167.1 million. The social networking company reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.05.

However, revenues for fiscal 2017 decreased 3% year over year to $2.4 billion, mostly due to winding of the TellApart business. During the same period last year, the company posted $0.11 EPS. research analysts anticipate that Twitter Inc will post 0.02 earnings per share for the current year. It's not too surprising, there's been plenty of talk of the last quarter being a particularly strong one for the platform with monthly active users on the rise again.

The company attributes the U.S. user loss to "seasonality" and a change to the Safari web browser impacting its third-party app intergrations.

In fact, Twitter's audience in the US declined slightly.

Twitter said that video remains the company's largest ad format.

Last year, Twitter chief executive Jack Dorsey spoke of the company's ambition to bulk up its adtech capabilities. Worse, the number of monthly users actually shrunk in the USA, falling from 69 million to 68 million. "And we're excited about what we're going to be able to do in 2018".

The stock increased or $0 during the last trading session, hitting $.