Twitter is down 9.88% at $16.87 a share on Thursday morning after the social media company missed analysts' expectations for its fourth-quarter revenue but beat on earnings.
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Twitter is plunging after a fourth quarter revenue miss (TWTR)
The social media company missed analysts' expectations for its fourth-quarter revenue but beat on earnings.
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Advertising spend lagged behind a recent boost in daily use of the platform.
Here are the key numbers:
Q4 revenue: $717 million versus $740.14 million expected by analysts
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Q4 EPS (adjusted): $0.16, versus $0.12 a share expected by analysts
Q1 guidance: Adjusted EBITDA to be $75 million to $95 million, adjusted EBITDA margin to be 17% to 17.5%.
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