Twitter Actually Made a Profit For the First Time

Twitter Actually Made a Profit For the First Time

With strong earnings in mind and expected profitability coming soon, investors are excited about Twitter. Rhumbline Advisers now owns 739,306 shares of the social networking company's stock valued at $12,472,000 after acquiring an additional 28,504 shares during the period. At the time of writing, the stock had reached $32.01.

Shares of the microblogging service rose about 15 percent in pre-market trading after an initial dip.

On an adjusted basis - which excludes stock-based compensation and other charges - Twitter would have earned 44 cents a share a year ago. The Motley Fool owns shares of and recommends FB and Twitter. Finally, Wedbush set a $16.00 price target on Twitter and gave the company a "hold" rating in a report on Monday, October 23rd.

Analyst's ratings play a very important role in outlining a stock's performance. APC's distance from 20 day simple moving average is -0.85% and distance from 50-Day simple moving average is 8.87%. The company traded as high as $31.30 and last traded at $31.07, with a volume of 126182355 shares changing hands. At the time, the move was a natural one, created to bring brands better targeting, efficiency and measurement, as well as offering up an alternative to the Google and Facebook duopoly which accounted for in excess of 60% of the USA digital ad market previous year. The company has a current ratio of 10.40, a quick ratio of 10.40 and a debt-to-equity ratio of 0.35.

Twitter (NYSE:TWTR) last posted its quarterly earnings data on Thursday, February 8th. Company fiscal year is ending in December and analysts' consensus recommendation is 0.09 for TWTR and estimated EPS for next quarter is $ -0.51.

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A number of research analysts have recently issued reports on the company.

Dorsey and chief financial officer Ned Segal said the firm's 2% year-on-year quarterly revenue boost, which brought Q4 turnover up to $732m, was also influenced in-part by better targeting which had improved click-through rates (CTR).

Adjusted profit came in at $0.19 per share, beating analyst expectations of $0.14, thanks to a 2% kick in revenue to $731.6m that also beat the Street's estimates of around $686m, the first revenue growth Twitter had seen since 2016's closing quarter. The shares were sold at an average price of $24.27, for a total transaction of $445,281.69. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The stock was sold at an average price of $26.17, for a total transaction of $157,491.06. The disclosure for this sale can be found here.

Facebook similarly reported a sequential drop in daily active users (DAUs) last quarter, which the dominant social network attributed to North America being a mature and saturated market.

Excluding certain one-time expenses, Twitter earned 19 cents per share in the fourth quarter, above expectations of 14 cents per share. Toronto Dominion Bank grew its position in shares of Twitter by 21.3% during the second quarter. Apertura Capital LLC bought a new position in shares of Twitter during the second quarter worth $35,740,000. Stock value has moved between $80.06 - 107.9 in last one year.

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