Categories AlphaGraphs, Earnings, Technology
TWTR Earnings: Twitter Q4 profit, revenue miss estimates
Microblogging platform Twitter (NYSE: TWTR) on Thursday reported weaker-than-expected earnings and revenues for the fourth quarter of 2021. The company’s stock dropped soon after the announcement.
Fourth-quarter earnings, adjusted for special items, declined to $0.33 per share from $0.38 per share last year and came in below the consensus forecast. The company reported a net profit of $181.7 million or $0.21 per share for the December quarter, compared to $222.1 million or $0.27 per share in the year-ago period.
The bottom-line performance was negatively impacted by a sharp increase in operating expenses. Meanwhile, revenues moved up 22% annually to $1.57 billion during the three-month period. Analysts had predicted a faster growth. The average monetizable daily active usage was 217 million.
Read management/analysts’ comments on Twitter’s Q4 earnings
Twitter stock has lost about13% so far this year and is currently trading well below the 52-week average. The shares traded lower in early trading on Thursday soon after the earnings announcement.
Prior Performance
Most Popular
Cost reduction has become a priority for FedEx (FDX) after a challenging quarter
Shares of FedEx Corporation (NYSE: FDX) were up 1% on Tuesday. The stock has dropped 44% year-to-date and 34% over the past 12 months. The company delivered mixed results for
Prime Medicine is the next big biotech to pursue IPO. Here’s all you need to know
After a soft start to the year, the IPO market has witnessed muted activity so far though a few big companies entered the stock market. On the heels of AIG
Stock Watch: Is Darden Restaurants a good buy after earnings?
After a prolonged slowdown, the restaurant industry is returning to normal patterns but macroeconomic uncertainties and high inflation are currently playing spoilsport for it. While the pandemic-related slump forced many
