Twitter Shares Fall 11% After Third-quarter Earnings

Twitter Inc. shares fell 11% after hours Tuesday after the company beat earnings expectations but delivered a lower than expected revenue outlook. Twitter reported a net loss of $132 million, or a loss of 20 cents per share, compared to a loss of $175 million, or a loss of 29 cents per share in the year-earlier period. Twitter reported adjusted earnings per share of 10 cents, above the FactSet consensus of 5 cents per share. Twitter reported revenue of $569 million up from $361 million in the year-earlier period, and above the FactSet consensus of $559.8 mllion. Twitter said it expects fourth-quarter revenue between $695 million to $710 million, below the FactSet consensus of $741 million. The company reported total monthly active users of 320 million, up 11% year-over-year.