Twitter's stock is flying this morning
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REUTERS/China Daily
Twitter flying, metaphorically speaking.
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Twitter's earnings report was a bit mixed.
It only added 4 million users during the quarter, which was worse than expected.
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But, revenue and EPS crushed expectations. Revenue was $479 million, up 97% on a year-over-year basis, blowing away analyst expectations of $453.6 million. Adjusted earnings per share were $0.12, which was double analyst expectations of $0.12.
On the call with analysts, Twitter's management said that it expects user growth to be stronger in this quarter, closer to what it saw in the first three quarters of 2014.
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That, combined with the strong business performance seems to be making investors happy.
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