Twitter Shares Fall 9% In Wake Of Earnings, Forecast

Twitter Inc. on Monday reported a third-quarter loss of $175.5 million, or 29 cents a share, on revenue of $361.3 million, compared with a loss of $64.6 million, or 48 cents a share, on $168.6 million in sales in the same period a year ago. Excluding one-time items, Twitter earned a penny a share, which met the estimates of analysts surveyed by FactSet, who also forecast the company to report sales of $351 million. Twitter said it ended the quarter with 284 million monthly active users, a 23% increase from a year ago. Twitter shares fell 9% in after-hours trading following the company's release of its results.