360° Coverage : Twitter posts 4Q loss but beats estimates

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Twitter posts 4Q loss but beats estimates

Feb 5 2014, 3:50pm CST | by

Twitter posts 4th-quarter loss but adjusted earnings, revenue surpass expectations NEW YORK (AP) — Twitter beat Wall Street's earnings and revenue expectations in its first quarter as...

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31 weeks ago

Twitter posts 4Q loss but beats estimates

Feb 5 2014, 3:50pm CST | by

Twitter posts 4th-quarter loss but adjusted earnings, revenue surpass expectations

NEW YORK (AP) — Twitter beat Wall Street's earnings and revenue expectations in its first quarter as a public company. But investors were looking for even more — including more user growth — and the company's stock dipped as much as 12 percent in after-hours trading Wednesday.

Twitter reported a loss of $511 million, or $1.41 per share, in the October-December quarter. That compares with a loss of $8.7 million, or 7 cents per share, a year earlier. Adjusted earnings were 2 cents per share.

Twitter's revenue more than doubled to $243 million from $112 million.

FactsSet says analysts expected an adjusted loss of 2 cents per share and revenue of $218.1 million.

Twitter ended the quarter with 241 million monthly users, up 30 percent from a year earlier. That's slightly fewer than some analysts expected. Sterne Agee's Arvind Bhatia was looking for 244 million users, an increase of 32 percent.

San Francisco-based Twitter Inc. made its Wall Street debut in November with an initial public offering price of $26. The stock price has more than doubled since. Analysts remain confident about Twitter's business and long-term prospects, but many are calling its stock expensive.

Twitter's shares fell $7.32, or 11 percent, to $58.65 in extended trading after the results came out. The stock, which peaked at $74.73 on Dec. 26, closed Wednesday's regular trading session at $65.97.

Source: AP Business

 
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2 weeks ago

Khazanah throws MAS RM6b lifeline

Aug 29 2014 5:01pm CDT | Source: Business Times Singapore

August 30, 2014 1:15 AMKHAZANAH Nasional will inject RM6 billion (SS$2.4 billion) over three years to resuscitate loss-making Malaysia Airlines (MAS) under a recovery plan that includes even an Act of Parliament. Other key moves are migrating its operations, assets and liabilities to a new company (NewCo) and slashing the workfo ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
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1

2 weeks ago

MAS posts loss of RM307m for Q2

Aug 28 2014 5:00pm CDT | Source: Business Times Singapore

August 29, 2014 1:13 AMMALAYSIA Airlines (MAS) registered a loss of RM307 million (S$122 million) for the second quarter to end-June, but warned of worse to come in the second half when the "full financial impact of the double tragedies of MH ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 

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