Company News: Twitter (TWTR) beats on Q4 EPS, misses on revenues

Market news

9 February 2017

Company News: Twitter (TWTR) beats on Q4 EPS, misses on revenues

Twitter reported Q4 FY 2016 earnings of $0.16 per share (versus $0.16 in Q4 FY 2015), beating analysts' consensus estimate of $0.12.

The company's quarterly revenues amounted to $0.717 bln (+0.9% y/y), missing analysts' consensus estimate of $0.739 bln.

The company also confirmed expectations that its revenue growth would continue to lag audience growth in 2017 and could now be further impacted by escalating competition for digital ad spending and the re-evaluation of the company's revenue product feature portfolio.

TWTR fell to $16.73 (-10.63%) in pre-market trading.

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