After hours Twitter Stock was up 32% to $50.95 when I last looked. Revenue beat estimates coming in at $312 million, up 24% for the quarter. They boasted the highest number of net ads this past quarter but part of that could be from the World Cup. The CEO was speaking on CNBC after the earnings were released. CEO Dick Costolo indicated that it was product changes that drove growth this past quarter and not the world cup.
Active Users Up
The number of active users rose to 271 million from 255 million users. Costolo explained that the increase of 16 million new users was the highest increase in 5 quarters. Meanwhile he went on to outline that they are raising their guidance across the board following these numbers.
Adjusted Profit – 2 Cents
While Twitter remains unprofitable with a loss now of $144.6 million, the company did turn an adjusted profit of 2 cents per shares which was above estimates of a 1 cent per share loss.
Ad Revenue Up
Overall ad revenue was at $1.02 per person on Twitter. This is about half of the ad revenue per user that Facebook has.
Goal of Twitter
Costolo explained that the goal of Twitter is to become the world information network in real-time.
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Twitter Stock Trade Ideas for July 30 2014
With an eye on protection of capital first, here are some trade ideas for Twitter Stock to take advantage of the continued volatility and stock movements following their quarterly earnings release. FullyInformed USA Members can log in directly through this link or log in to the full USA members site here. Non-members can join here or read about the benefits of being a member.
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