Two Trending Tech Stocks Heading in Opposite Directions on Earnings

On the other hand, Twitter Inc (NYSE:TWTR)‘s stock plunged in extended trading, even though the company posted better-than-expected earnings and revenue, of $0.10 and $569 million for the third quarter, respectively, versus estimates of $0.05 and $560 million. The company’s earnings and revenue went up significantly during the third quarter, but investors were probably disappointed to see light guidance and lower monthly active user growth in sequential terms. Twitter Inc (NYSE:TWTR) said it had 307 million monthly active users during the third quarter (excluding SMS Fast Followers), slightly up from 304 million a quarter earlier. For the fourth quarter of 2015, the company projects revenue between $695 million and $710 million, lower than the $739.70 million expected by analysts.

Among smart money investors, Twitter Inc (NYSE:TWTR) has also lost some fans since earlier in the year. According to our data, 47 funds held long stakes in Twitter at the end of June, down from 64 a quarter earlier, while the aggregate value of their stakes stood at roughly 3% of the company. One of the funds bullish on Twitter is Daniel Benton‘s Andor Capital Management, which held 1.50 million shares at the end of June.

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