Twitter hits all time high after solid Q4 results
Fiona Cincotta February 10, 2021 4:26 PM
Twitter surged to a fresh all time high after posting impressive growth yoy.
Twitter trades over 8.5% higher, hitting a fresh all time high after beating forecasts on both top and bottom line.
- 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 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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