Twitter Shares Rise After Fourth-quarter Results Top Street View

Twitter Inc. shares rose in the extended session Thursday, following an initial drop, after the microblogging platform's fourth-quarter results topped Wall Street estimates. Twitter shares rose 2.5% to $42.30 on heavy volume in recent activity. The company reported adjusted fourth-quarter earnings of 12 cents a share on revenue of $479.1 million. Analysts surveyed by FactSet had estimated 6 cents a share on revenue of $453.8 million. Twitter said average monthly active users grew by 20% to 288 million in the fourth quarter. The company forecast revenue of $440 million to $450 million in the first quarter, and $2.3 billion to $2.35 billion for the year. Analysts expect $449.5 million for the first quarter and $2.29 billion for the year.