Thursday, February 9, 2017

Twitter Shares Plummet As Revenue Growth Nearly Slows To A Halt

I'm amazed at just how long Twitter has been able to hemorrhage massive amounts of money like this without a major stock price fallout.

Revenue growth fell for the tenth straight quarter. Revenue in the fourth quarter, ending Dec. 31, was $717 million, up 1% from $710 million in the same period a year earlier and missing the $740.1 million expected on average among analysts polled by Yahoo Finance. In the same period a year earlier, Twitter's revenue growth was 48%. The San Francisco, Calif.-based company posted a net loss of $167 million, or 23 cents a share, compared with a year-earlier loss of $90 million, or 13 cents a share. Excluding certain expenses, Twitter said it would have earned $119 million, or 16 cents a share, topping forecasts of a profit of 12 cents per share on that basis.