Investors typically prepare themselves for the worst, but expect the best when it comes to Twitter Inc's (NYSE: TWTR) earnings reports.

On Thursday, the social media company surprised many investors when its earnings report was higher than expected and its monthly active user base rose from the prior quarter.

Jim Cramer commented on CNBC noting that while there are several disappointing data points as a whole the earnings report, it's "not the disaster people expected."

The Details

Cramer noted that Twitter's fourth quarter guidance fell short of expectations and the U.S. business is only growing at 1 percent. On the other hand, Twitter's Daily Active User (DAU) base is showing signs of acceleration and grew seven percent from the prior quarter.

However, Cramer is questioning if a mid-single-digit growth rate in DAUs is good enough if an outside company wants to acquire Twitter. As such, Cramer concluded that Twitter's earnings report came in better than expected but what was expected in the first place wasn't very good.

David Faber jumped in and pointed out that Twitter's decision to not provide any fourth quarter revenue guidance is concerning for some investors.

"What's important here is when people look at this it was not the disaster some people expected," Cramer added.