5 Stocks Making Headlines After Earnings Reports

3. Twitter, Inc. (NYSE:TWTR)

Number of Hedge Fund Holders: 94

Twitter, Inc. (NYSE:TWTR) recently announced disappointing financial results for the fourth quarter, along with a feeble sales outlook. The weak results sent Twitter shares down nearly two percent on Thursday, February 10, 2022.

For the fourth quarter, Twitter, Inc. (NYSE:TWTR) earned 33 cents per share on an adjusted basis, missing expectations of 35 cents per share. Revenue came in at $1.57 billion, slightly below analysts’ average estimate of $1.58 billion.

Looking forward, Twitter, Inc. (NYSE:TWTR) expects revenue in the range of $1.17 – $1.27 billion for the current quarter. Analysts, on average, had forecast revenue of $1.26 billion for the same period.

Commenting on the results, CEO Ned Segal said:

“Twitter had a solid fourth quarter to finish 2021, with over $5 billion in annual revenue, up 37% for the year. There are no changes to our goals of 315 million average mDAU in Q4 2023 and $7.5 billion or more revenue in 2023. Our increased focus on performance ads and the SMB opportunity after the sale of MoPub positions us even better for 2022 and beyond.”