Twitter Shares Fall Below $14 After Q1 Guidance Shortfall, Flat MAUs
Twitter Inc (NYSE: TWTR) announced fourth-quarter earnings after market close Wednesday.
The company beat revenue estimates with $710 million in sales and $0.16 in non-GAAP diluted EPS. Analysts expected earnings of $0.12 for the quarter and revenues of $709.9 million, with the Street's guidance for the next quarter coming to $0.08.
The company provided 2016 guidance of $595 to $610 million revenue against estimates of $629.3 million.
Monthly active users (MAUs) were flat for the quarter, although the company claimed in a release "but we've already seen January monthly actives bounce back to Q3 levels."
The results capped off a difficult year for Twitter, which saw CEO Jack Dorsey return in October to right a ship that has never posted a profitable quarter.
Investors were expecting good news, with Twitter shares ending the day up 4 percent at $14.98. The stock crashed with the release of the report, at one point falling more than 11 percent.
Shares traded recently at $13.85, down 7.5 percent.
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