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Twitter shares tank as profit, user gains fall short of expectations

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Twitter’s third-quarter results sent its stock tumbling after hours Thursday.


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Twitter Inc. added users and revenue in the third quarter, but its profit and daily active-user gains fell short of analyst expectations, sending its shares sharply lower in after-hours trading.

Twitter
TWTR,
+8.03%

shares fell 12% in the extended session Thursday after closing the regular session up 8% to $52.43.

The San Francisco-based company said its average monetizable daily users increased to 187 million, up 1 million from the previous quarter and…



Source marketwatch.com

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