Twitter: 4Q Earnings Snapshot
SAN FRANCISCO (AP) _ Twitter Inc. (TWTR) on Thursday reported fourth-quarter net income of $118.8 million.
The San Francisco-based company said it had net income of 15 cents per share. Earnings, adjusted for one-time gains and costs, came to 25 cents per share.
The results fell short of Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share.
The short messaging service posted revenue of $1.01 billion in the period, which topped Street forecasts. Ten analysts surveyed by Zacks expected $997.3 million.
Twitter shares have increased 4% since the beginning of the year. The stock has declined almost 3% in the last 12 months.