Twitter hits all time high after solid Q4 results

Uptrend
Fiona Cincotta
By :  ,  Market Analyst
Twitter 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 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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Related tags: Tech Stocks

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