Twitter is sliding despite beating Wall Street expectations

Reuters

Twitter CEO Jack Dorsey.

Twitter reported its fourth-quarter earnings before the opening bell on Thursday.

It's generally been a happy earnings season for Silicon Valley, with the likes of Facebook and Snap topping Wall Street expectations.

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Twitter was under pressure to do the same, and it beat or matched analyst forecasts on some key indicators.

• Revenue: $909 million. Analysts were looking for $869.5 million. Sales were up 24% on $717 million in the final three months of 2017.
• Earnings per share: 31 cents, compared to 25 cents expected by Wall Street.
• Monthly active users: 321 million - down 9 million year-on-year, but matching the forecasted 321 million.
• Q1 revenue guidance: Between $715 million and $775 million. Wall Street is looking for $762.43 million.

Despite the performance, Twitter's stock slid nearly 8% in pre-market trading.