Twitter User Growth Slows in Q4, Stock Plummets 12%

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Twitter turned a surprise profit and handily beat Wall Street estimates for revenue, but missed estimates for users on its first quarterly earnings report since going public in November.

Twitter reported earnings of $0.02 a share on revenue of $242.7 million, coming in ahead of estimates for revenue of $217.82 million and a net loss of $0.02 a share. For the 2013 year overall, Twitter generated revenue of about $665 million, more than double what it generated in the previous year.

However, Twitter reported having 241 million monthly active users at the end of the December quarter, an increase of just nine million from the previous quarter Read more...

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