Twitter Shares Rise After Company Finally Reports A Quarterly Profit

Twitter logo on a screen

Twitter had a decent end to 2017 despite its bot problem. Getty Images

"Overall, the results represented ongoing progress which was consistent with our longer-term expectations for Twitter as a durable, if niche-y (but highly differentiated), platform for digital advertising which should eventually be able to approach industry-level growth rates", analyst Brian Wieser wrote in a note to clients Thursday. SunTrust Banks has a "Hold" rating and a $18.00 price target on the stock.

The silver lining: Twitter on Thursday posted its first-ever profit of $91.1 million on $731.6 million of revenue. The social networking company reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.05. It reported profit of $91M on revenues of $732 in Q4 2017, in contrast to a loss of $167M in the same quarter the previous year ...

Perhaps this is a corner turned for Twitter, we'll see. This compares with a quarterly GAAP net loss of $167 million, a GAAP net margin of (23%) and GAAP diluted EPS of ($0.23) for the same period a year ago.

As promised, late a year ago, Twitter started cracking down on what it considers to be "hateful" content.

On an adjusted basis - which excludes stock-based compensation and other charges - Twitter would have earned 44 cents a share past year. Pivotal Research reaffirmed a "hold" rating and issued a $17.00 price objective (up from $15.00) on shares of Twitter in a research report on Monday, July 17th.

With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.

Shares of Twitter, Inc. 146,732,709 shares of the stock were exchanged, compared to its average volume of 32,007,105. Noto, who is credited with contributing to Twitter's financial turnaround over the past year or so, is taking the CEO spot at Social Finance, a financial technology company. The company has a debt-to-equity ratio of 0.35, a current ratio of 10.40 and a quick ratio of 10.40.

Several analysts are forecasting growth estimate of Twitter, Inc. for the current quarter to be 27.3%.

Twitter, Inc. shares decreased -1.48 percent over the past week and rose 3.78 percent over the previous month.

"At the same time, investment in live videos makes Twitter an even more important platform to consider, providing marketers with new opportunities to define how advertising funds are spent on social media platforms and richer options to share content across multiple ad formats (Live, Pictures, Text) to capitalize on the attention of target audiences".

Twitter managed to grow its ad revenue in the quarter, slightly, by 1% to $644m. Pictet Asset Management Ltd. lifted its stake in Twitter by 99.6% in the third quarter. 0 analysts gave its stock an Outperform rating. Investors measure stock performance on the basis of a company's earnings power. The shares were sold at an average price of $19.92, for a total value of $2,689,200.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The disclosure for this sale can be found here. This is the price at which the trader or investor wants to exit his existing position so he can realize the most reward. Also, insider Robert Kaiden sold 3,930 shares of the firm's stock in a transaction dated Friday, December 1st.

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