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Twitter profits beat forecasts in Q4; shares surge

February 8, 2018 1:52 PM
14 0
Twitter profits beat forecasts in Q4; shares surge

Twitter Inc. on Thursday reported strong profits and revenues in the fourth quarter of 2017, exceeding analysts’ forecasts.

The social media platform logged $91.07 million in profits between October and December 2017 against $167.05 million in losses in the year-ago period.

Twitter’s earnings per share (EPS) excluding non-recurring items reached $0.19 per share in Q4-17 versus losses per share (LPS) of $0.11 in the same period of 2016.

Twitter’s revenues also grew to $731.6 million from $717.2 million in the three months ended 31 December 2016. The data was higher than analysts’ projections of $686.1 million in revenues in Q4-17.

For the full-year 2017, the 280-character per post platform logged $2.4 billion in revenues, down from $2.5 billion in 2016.

Source: english.mubasher.info

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