Twitter Stock Drops 10% on Concerns About User Growth in Q3

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Twitter beat revenue estimates and matched on earnings for the September quarter, but Wall Street could care less

Twitter posted a slight profit of $0.01 per share for the third quarter, matching analysts' estimates. It also reporter revenue of $361 million, more than doubling year-over-year and well ahead of estimates for revenue of $351 million. Yet, the company's stock, which had dipped by about 3% in trading Monday, fell by more than 10% in after hours trading following the results

The driving factor, as always seems to be the case with Twitter, appears to be user growth and engagement. The social network had 284 million monthly active users in the quarter, up 23% year-over-year, but an increase of less than 5% from the previous quarter Read more...

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