Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.
Twitter Inc TWTR shares ended Tuesday's crazy session lower by about $9.45 (18 percent) at $42.27. A leak of the company's Q1 earnings report has the stock in a trading frenzy.
The company beat on EPS ($0.07 vs. $0.04 estimates), but came up shy on revenue ($436 million vs. $456.2 million estimates). The company also lowered guidance for Q2 sales ($2.17-$2.27 billion vs. $2.37 billion estimates).
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