Published: Fri, February 09, 2018
Sci-tech | By Jackie Newman

Twitter, Inc. (NASDAQ:TWTR) To Release Earnings

Twitter, Inc. (NASDAQ:TWTR) To Release Earnings

For the year, revenue fell 3% to US$2.4bn and the net loss narrowed to US$108mln from US$456mln in 2016. Over the last quarter, insiders have sold 1,815,670 shares of company stock valued at $33,093,275. The firm had revenue of $731.60 million for the quarter, compared to the consensus estimate of $686.12 million. Short interest on YELP surged 23.05% in the two most recent reporting periods to 6.92 million shares - the most since mid-August. OppenheimerFunds Inc. now owns 10,088,428 shares of the social networking company's stock worth $150,822,000 after purchasing an additional 2,999,690 shares in the last quarter.

Earnings were 19 cents per share, five cents above expectations of analysts surveyed by Thomson Reuters. Susquehanna Bancshares upped their price target on Twitter from $17.00 to $20.00 and gave the company a "neutral" rating in a report on Thursday, October 26th. Even before today's report, the company's stock price had been rising. Wall Street was quick to chime in, too, with ZNGA stock seeing price-target hikes at Credit Suisse (to $4) and Wedbush (to $5.50).

Twitter (NYSE:TWTR) opened at $26.91 on Monday. Earlier this year, Twitter shut down the TellApart retargeting business it bought for $479 million in April 2015. The company has a debt-to-equity ratio of 0.35, a current ratio of 10.40 and a quick ratio of 10.40. The institutional investor owned 45,414 shares of the social networking company's stock after selling 4,129 shares during the quarter. Also, General Counsel Vijaya Gadde sold 7,500 shares of Twitter stock in a transaction that occurred on Monday, July 10th. SELL rating has been given by 0 analyst (s) and 1 analyst (s) given BUY rating to the stock. The disclosure for this sale can be found here. The company went public in 2013, and the announcement on Tuesday drove Twitter's stock price up more than seven dollars. The monthly stock performance comes in at 9.43%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Not only that, the micro-blogging platform also increased revenues while boosting total users. The company reported its financial results for the fourth quarter, blowing away revenue and earnings.

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Twitter did not specify what change Apple had made to its web browser that kneecapped audience growth. ClearBridge Advisors, LLC is the second biggest holder with 36 million shares now valued at 613.41 million whilst Morgan Stanley Investment Management Inc has 24 million shares valued at 410.83 million.

The stock's surge came despite the fact that it had already risen 40% in the last year, and despite Twitter posting an actual sales decline for the year. Earnings per share serves as an indicator of a company's profitability.

TRADEMARK VIOLATION NOTICE: This news story was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal.

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