Twitter Shares Plunge After Fourth-quarter Earnings

Twitter shares dropped 12% Wednesday after the company beat expectations but reported flat user growth and reported a lower than expected guidance. Twitter reported a net loss of $90.2 million, or a loss of 13 cents per share, compared to a loss of $125 million, or a loss of 20 cents per share in the year-earlier period. Twitter reported adjusted earnings per share of 16 cents, above the FactSet consensus of 12 cents. Twitter reported sales of $710.5 million up from $479.1 million in the year-earlier period and above the FactSet consensus of $710.1 million. It reported 320 million monthly active users, flat with the previous quarter's numbers. Twitter issued a first quarter revenue outlook of $595 to $610 million, below the FactSet consensus of $633.3 million.