{"id":294055,"date":"2017-02-09T23:05:02","date_gmt":"2017-02-09T22:05:02","guid":{"rendered":"http:\/\/rinf.com\/alt-news\/newswire\/twitter-shares-crash-following-quarterly-earnings-report-release\/"},"modified":"2017-02-09T23:05:02","modified_gmt":"2017-02-09T22:05:02","slug":"twitter-shares-crash-following-quarterly-earnings-report-release","status":"publish","type":"post","link":"http:\/\/rinf.com\/alt-news\/newswire\/twitter-shares-crash-following-quarterly-earnings-report-release\/","title":{"rendered":"Twitter Shares Crash Following Quarterly Earnings Report Release"},"content":{"rendered":"<div id=\"\">\n<p>Twitter shares crashed on Thursday following the release of the company\u2019s 4th quarter earnings report.<\/p>\n<p>CNBC <a href=\"http:\/\/www.cnbc.com\/2017\/02\/09\/twitter-earnings-16-cents-a-share-vs-12-cents-estimate.html\" target=\"_blank\">reports<\/a> 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\u2019 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.<\/p>\n<p>Twitter adjusted its guidance for the\u00a0first quarter from the range of $75 million to $95 million, falling fall short of Wall Street\u2019s expected estimate of $191.3 million. Twitter\u2019s stock crashed a full 10 percent following the announcement of the earnings report. The company did report a 4% increase in active monthly users with 319 million users per month, up from 317 million users in 2016.<\/p>\n<p>Twitter\u2019s advertising revenue decreased from the year previously, with the company reporting revenue of $638 million. Of that, US revenue was down 5%, totaling $440 million, while international revenue totaled $277 million, an increase of 12% from 2016.<\/p>\n<p>The company also reported a loss of $143.6 million in the 4th quarter, much worse than the reported $67.2 million loss in the same quarter for 2016, <a href=\"http:\/\/www.nasdaq.com\/article\/twitters-twtr-q4-loss-narrower-than-expected-cm745468\" target=\"_blank\">according to NASDAQ<\/a>.<\/p>\n<p>Twitter CEO Jack Dorsey discussed the poor performance of the company, saying, \u201cWhile revenue growth continues to lag audience growth, we are applying the same focused&#8230;<\/p>\n<\/div>\n<p><a href=\"https:\/\/redice.tv\/news\/twitter-shares-crash-following-quarterly-earnings-report-release\">Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Twitter shares crashed on Thursday following the release of the company\u2019s 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\u2019 expectations, who had anticipated a higher revenue of approximately $740.1 [&hellip;]<\/p>\n","protected":false},"author":2520,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[519],"tags":[],"class_list":{"0":"post-294055","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-newswire"},"_links":{"self":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/294055","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/2520"}],"replies":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=294055"}],"version-history":[{"count":0,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/294055\/revisions"}],"wp:attachment":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=294055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=294055"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=294055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}