Twitter finally posts first quarterly profit

Twitter finally posts first quarterly profit

The company had a trading volume of 114,600,758 shares, compared to its average volume of 30,379,684. The stock had previously closed at $26.91.

Adjusted profit came in at $0.19 per share, beating analyst expectations of $0.14, thanks to a 2% kick in revenue to $731.6m that also beat the Street's estimates of around $686m, the first revenue growth Twitter had seen since 2016's closing quarter. During the same period last year, the firm earned $0.11 EPS. equities analysts predict that Twitter will post 0.02 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: "Traders Sell Twitter (TWTR) on Strength (TWTR)" was first reported by The Lincolnian Online and is the property of of The Lincolnian Online.

Twitter, Inc. (NYSE:TWTR) now has a "Buy" signals on Composite indicators by TrendSpotter.

There's no indication that Twitter benefited from changes to Facebook's algorithm, said Brian Wieser, an analyst from Pivotal Research who downgraded Twitter to a "sell" rating Thursday despite the strong quarter. Wedbush set a $16.00 price target on shares of Twitter and gave the stock a "hold" rating in a research note on Monday, October 23rd. They noted that the move was a valuation call. Eleven research analysts have rated the stock with a sell rating, twenty have given a hold rating and nine have given a buy rating to the company's stock. The company presently has an average rating of "Hold" and an average target price of $20.03. "We're looking at investing to grow". Following the transaction, the director now directly owns 2,328,359 shares in the company, valued at approximately $56,509,272.93. Argus raised Twitter from a "hold" rating to a "buy" rating and upped their price target for the company from $19.71 to $25.00 in a report on Friday, November 3rd. The shares were sold at an average price of $18.03, for a total transaction of $135,225.00. The disclosure for this sale can be found here. Also, insider Robert Kaiden sold 6,018 shares of the stock in a transaction dated Thursday, February 1st.

Page Referred to Himself as 'Advisor' to Kremlin Staff in 2013 Letter
So that does lead people to believe: "'is this guy working with Russia?'" "I don't think I've ever met him". And he actually said he was a very low-level member of I think a committee for a short period of time.

Still, getting to profitability at least shows that Twitter can operate sustainably and survive as an independent company if it maintains it cost discipline, even if the business isn't growing and the stock may not be a long-term outperformer.

Several large investors have recently added to or reduced their stakes in TWTR.

Twitter's previous inability to turn a profit or log consistent revenue growth had confounded investors given its ubiquitous media presence and popularity among celebrities, athletes and politicians such as U.S. President Donald Trump.

Stock has got OUTPERFORM rating from 1 analyst (s) whereas last month 1 analyst (s) have given outperform rating. For the quarter, shares are performing at 38.78%. Finally, Berkshire Asset Management LLC PA purchased a new stake in shares of Twitter during the third quarter worth about $184,000.

Twitter saw its Q4 advertising revenue increase 1% for a total of $644 million while data licensing and other revenue increased 10%, the company reported in a statement released today. The institutional investor owned 45,414 shares of the social networking company's stock after selling 4,129 shares during the quarter.

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