Twitter reports its first-ever profit, but user numbers have stalled

Twitter reports its first-ever profit, but user numbers have stalled

Its net income - a first in the company's almost 12-year history - was $91 million, or 12 cents per share. SunTrust Banks has a "Hold" rating and a $18.00 price target on the stock. The social networking company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.03. Highlighting Twitter's expectations for its momentum to continue, this guidance compares to adjusted EBITDA of $170 million and an adjusted EBITDA margin of 31% in the year-ago quarter.

The better-than-expected performance saw net profit in the fourth quarter of 2017 rise to $91.1m, compared with a loss of $167.1m during the same period in 2016. The net result went to a profit of Dollars 91 million or diluted earnings per share share of USD 0.12, from a loss the year earlier of 167 million and a diluted loss per share of 0.23. Longer term, the shares had added 58.6% over the last nine months before today's plunge, and hit a two-year high of $48.40 in late November. The companyÂ's solutions include Carbonite Computer Backup, which automatically back up files directly to the cloud and include various devices; and Carbonite Server Backup that provides cloud and hybrid backup for physical and virtual servers with advanced management capabilities comprising scheduling, retention, bandwidth and compression settings, and detailed monitoring and reporting through personalized server dashboard. The companies have not formally responded, though Twitter has introduced a slew of new measures to weed out abusive account and has said that it "cares deeply" about misinformation and its harmful effect on civic discourse. The legal version of this report can be accessed at https://www.thelincolnianonline.com/2018/02/08/traders-sell-twitter-twtr-on-strength-twtr.html.

The company is expected to report earnings of $0.14 a share for the next quarter. Ten analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and nine have given a buy rating to the company.

Senate Reaches Two-Year Budget Deal in Hopes of Averting a Shutdown
White House Press Secretary Sarah Sanders also appeared to confirm that 2018 spending would be in the rough area of $700 billion. With a Thursday night deadline looming, Congress is working to avoid another partial government shutdown .

Wall Street now has an average target price of $21.77 for the stock - 45% below the stock's opening price of $34.45 Thursday.

Twitter, Inc. (NYSE:TWTR) gained 6.62 Percent and closed its previous trading session at $26.91. The company has a market capitalization of $19,990.00, a PE ratio of -60.33, a price-to-earnings-growth ratio of 11.01 and a beta of 1.14.

Although Twitter's MAUs of 330 million for the quarter were flat, it was up 4% year-over-year.

Swat attack: Army Chief attends joint funeral prayer of 11 martyrs
At least three army soldiers were martyred in terrorists' attack on army unit sports area in district Swat on Sunday. Pakistan's Prime Minister Shahid Khaqan Abbasi said the military would continue its war against the Taliban .

Although Twitter had a great fourth quarter, the rest of 2017 wasn't all too great. First Trust Advisors LP grew its stake in Twitter by 5.3% in the 3rd quarter.

The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. SELL rating has been given by 0 analyst (s) and 2 analyst (s) given BUY rating to the stock. Institutional investors own 50.12% of the company's stock. The sale was disclosed in a filing with the SEC, which is available at this link.

Call of Duty Black Ops 4 Is The 2018 CoD Game, Apparently
Black Ops 3 was the first in that sub-series to shoot into the future, but the series began as a boots-on-the-ground ordeal. Interestingly though, this year's installment may pop up on the Nintendo Switch , in addition to the PC, Xbox One and PS4.

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