Twitter Hits All Time High After Solid Q4 Results

Twitter surged to a fresh all time high after posting impressive growth yoy.

Uptrend 3

Twitter (TWTR) trades over 8.5% higher, hitting a fresh all time high after beating forecasts on both top and bottom line.

Twitter reported:

  • EPS 27c +87% year on year
  • Revenue of $1.29 billion + 29% year on year
  • Daily active users hit 192 million + 27%
  • By way of comparison Facebook (FB) gained 11% in daily active users year on year.

Twitter offered very little in the way of guidance, saying only that they expected revenues to be greater than expenses – in other words they expect a profit but gave nothing away in terms of specifics. 

Still investors clearly didn't need anymore sending the Twitter share price surging.

 

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