Twitter reported fourth quarter earnings results before the bell on Thursday. The company has been posting profits ever since.
All times are ET. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. Twitter has said its decline in users is related to its efforts to stamp out fake accounts. Disclaimer. Twitter made its first-ever quarterly profit in the fourth quarter of 2017, delivering a profit of $91.1 million in the period.
Chat with us in Facebook Messenger. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dorsey said that the increased limit has encouraged people to write more often on Twitter, though not necessarily with significantly longer messages.The strong financials were a welcome change for Twitter, which has had a bruising quarter as it continues to face criticism over how false information and harassment spread on its network. This margin contracted to 9.0% in the first quarter of 2018 but expanded to 14% in the second quarter and remained steady in the third.Although Facebook and Alphabet make much higher profits than Twitter, their profits have been coming on shrinking operating margins amid soaring costs in recent quarters. Twitter posted a surprise profit in its Thursday earnings report — marking the first time it's ever made money as a public company. All rights reserved.
In recent years, Twitter went through.At the same time, Twitter has seen renewed growth in its advertising business driven in large part by traction for video advertising. Twitter (TWTR) posted its second consecutive profitable quarter on Wednesday thanks to renewed growth in its ad sales business.
Snap.In Twitter’s upcoming earnings report, investors will be looking to see not only whether it’s still profitable but also whether its profitability is improving.
Twitter carries about 1.2 percent of the market — roughly on par with Facebook's Instagram. Twitter (TWTR) is set to report its results for the fourth quarter of 2018 on February 7. The company made $1.2 billion in profit for the year, its first profitable year since going public in 2013.It's a hard won milestone for the company. Find out what's happening in the world as it unfolds.The company said Thursday it had 321 million monthly active users in the final three months of last year, down five million from the prior quarter and nine million from the same period a year ago.That marked the third consecutive quarter of user declines. Morningstar: Copyright 2018 Morningstar, Inc. All Rights Reserved. For instance, Facebook’s operating margin in the third quarter contracted to 42% from 50% a year earlier.Who Owns Etsy and Will It Eventually Sell Out?MicroStrategy Buys $425 Million Worth of Bitcoin, Breaks the Mold,Boeing Uses Spike in Air Freight Demand to Its Advantage. Review our. Why is the stock market soaring?Results are in: Best credit cards of 2020,Pay 0% interest until 2022 with a better card,Don't Ignore These Offers if you have Excellent Credit.Switch cards and save money on interest - Start now. Stronger ad sales in the crucial holiday quarter made up the difference for Twitter, even as the number of new people joining the site continued to stagnate.Twitter reported not only profit but also a return to revenue growth, posting $732 million vs. analyst expectations of $686 million.Shares jumped as much as 22 percent from Wednesday's closing price of $26.91 following the earnings report; as of midday trading, they were sitting around $31.27 per share.The improved performance comes even though Twitter missed predictions about the number of people using the site by about 2 million.
Twitter's revenue for the holiday quarter jumped 24% to $909 million.Most stock quote data provided by BATS. Twitter posted a surprise profit in its Thursday earnings report — marking the first time it's ever made money as a public company.The company attributed its improved finances to a focus on its strongest selling point: connecting advertisers and the people they want to sell things to in real-time.“Twitter continues to help our partners be relevant in the moment at scale,” chief executive Jack Dorsey said in the quarter's shareholders letter. Twitter is officially on a profit streak.
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