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Twitter Shares Crash Following Quarterly Earnings Report Release

9-2-2017 < Red Ice Creations 70 140 words
 
Twitter Shares Crash Following Quarterly Earnings Report Release Twitter shares crashed on Thursday following the release of the company’s 4th quarter earnings report. CNBC reports that the social media company posted a fourth-quarter earnings report showing earnings of 16 cents per share on a revenue of $717 million. This fell short of analysts’ expectations, who had anticipated a higher revenue of approximately $740.1 million, according to an estimate from Thomson Reuters. Twitter had posted 12 cents per share on revenue of $479 million in 2016. Twitter adjusted its guidance for the first quarter from the range of $75 million to $95 million, falling fall short of Wall Street’s expected estimate of $191.3 million. Twitter’s stock crashed a full 10 percent following the announcement of the earnings report. The company did report a 4% increase in active monthly…
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