Newsletters
Customer Relationship Management News NewsFactor Sites:       NewsFactor.com     Enterprise Security Today     CRM Daily     Business Report     Sci-Tech Today  
   
Home CRM Systems Customer Service Business Intelligence Sales & Marketing More Topics...
Vblock™ Systems:
Advanced converged infrastructure
increases productivity & lowers costs.

www.vce.com
World Wide Web
24/7/365 Network Uptime!
Average Rating:
Rate this article:  
Twitter Shares Tumble After Results Announced
Twitter Shares Tumble After Results Announced

 
February 7, 2014 9:31AM

Bookmark and Share
Despite beating Wall Street's sales and profit forecasts, Twitter's shares nose-dived more than 17 percent in after-hours trading on lackluster user growth and engagement figures. Twitter CEO Dick Costolo remained optimistic, saying the company would focus on increasing "high-quality interactions" to turn casual users into existing core users.
 


Twitter CEO Dick Costolo on Wednesday came out pitching the case for the service's mainstream potential as the company faced growth concerns in its first financial report to Wall Street since going public.

Twitter beat Wall Street's sales and profit forecasts, but shares nose-dived more than 17 percent in after-hours trading on lackluster user growth and engagement figures.

"We can increase high-quality interactions and make it more likely that new or casual users will find the service as indispensable as our existing core users do," Costolo said on the company's conference call.

Share of Twitter plummeted $11.59, to $54.38, following its letdown that monthly active users came in at 241 million, a 30 percent year-over-year increase but well below expectations. Twitter's engagement dropped to 148 billion Timeline Views, an 11 billion decline from the previous quarter.

"What Twitter needs to prove is two things: that they can dramatically increase engagement with advertisers; and they can dramatically increase engagement with users. The market is now questioning whether they can go mainstream," said RBC Capital Markets analyst Mark Mahaney.

The company reported $9.8 million in net income, or 2 cents per share, on $243 million in revenue. It was expected to report a loss of $13 million, according to the survey of estimates from Thomson Reuters.

Shares of Twitter have seen a 47 percent run-up in trading since the company went public Nov. 7. Twitter's deceleration of monthly active users, a closely watched measurement, raises questions about its ability to continue to grow as steadily as Facebook.

"My guess is that Twitter will be successful long term in re-accelerating user engagement," said Mahaney.
 


© 2014 USA TODAY under contract with NewsEdge. All rights reserved.
 

Tell Us What You Think
Comment:

Name:



Your Next Generation Data Center Is Here! Vblock™ Systems: the world's most advanced converged infrastructure are built on the Cisco Unified Computing System with Intel® Xeon® processors. Vblock™ Systems deliver extraordinary time to market, ROI and TCO, and flexibility to meet your continually changing demands with 5X faster deployment, 96% less downtime, and 1/2 the cost. Click here to learn more.


 World Wide Web
1.   Heartbleed Exploit Could Cost Millions
2.   'Like' Cheerios, Give Up Right To Sue
3.   Google Earnings, Sales Disappoint
4.   Tech Giant Alibaba Plans U.S. IPO
5.   Google Street View Unravels CAPTCHAs


advertisement
Product Information and Resources for Technology You Can Use To Boost Your Business

Network Security Spotlight
Heartbleed Could Cost Millions, Could Have Been Prevented
Early estimates of Heartbleed’s cost to enterprises are running in the millions. The reason: revoking all the SSL certificates the bug exposed will come at a very hefty price. Some say it all could have been avoided.
 
Michaels Says Nearly 3M Credit, Debit Cards Breached
Arts and crafts retail giant Michaels Stores has confirmed that a data breach at its POS terminals from May 2013 to Jan. 2014 may have exposed nearly 3 million customer credit and debit cards.
 
Google's Street View Software Unravels CAPTCHAs
The latest software Google uses for its Street View cars to read street numbers in images for Google Maps works so well that it also solves CAPTCHAs, those puzzles designed to defeat bots.
 

Enterprise Hardware Spotlight
Vaio Fit 11A Battery Danger Forces Recall by Sony
Using a Sony Vaio Fit 11A laptop? It's time to send it back to Sony. In fact, Sony is encouraging people to stop using the laptop after several reports of its Panasonic battery overheating.
 
Continued Drop in Global PC Shipments Slows
Worldwide shipments of PCs fell during the first three months of the year, but the global slump in PC demand may be easing, with a considerable slowdown from last year's drops.
 
Google Glass Finds a Home in Medical Education, Practice
The innovative headpiece may find its niche in markets where hands-free access to data can be a big advantage. Glass experiments for doctors are already under way, with some promising results.
 

Mobile Technology Spotlight
Review: Siri-Like Cortana Fills Windows Phone Gap
With the new Cortana virtual assistant, Windows catches up with Apple's iOS and Google's Android in a major way, taking some of the best parts of Apple's and Google's virtual assistants, with new tools too.
 
With Galaxy S5, Samsung Proves Less Can Be More
Samsung has produced the most formidable rival yet to the iPhone 5s: the Galaxy S5. The device is the fifth edition of the company's successful line of Galaxy S smartphones, and shows less can be more.
 
Facebook Rolls Out Potentially Intrusive Location-Sharing
Looking for friends? Facebook users in the U.S. will soon be able to see which of their friends are nearby, using a smartphone's GPS. Could be a cool feature in some cases, or way too much information.
 

Navigation
CRM Daily
Home/Top News | CRM Systems | Customer Service | Business Intelligence | Sales & Marketing | Contact Centers | Customer Data | CRM Press Releases
NewsFactor Network Enterprise I.T. Sites
NewsFactor Technology News | Enterprise Security Today | CRM Daily

NewsFactor Business and Innovation Sites
Sci-Tech Today | NewsFactor Business Report

NewsFactor Services
FreeNewsFeed | Free Newsletters | XML/RSS Feed

About NewsFactor Network | How To Contact Us | Article Reprints | Careers @ NewsFactor | Services for PR Pros | Top Tech Wire | How To Advertise

Privacy Policy | Terms of Service
© Copyright 2000-2014 NewsFactor Network. All rights reserved. Article rating technology by Blogowogo. Member of Accuserve Ad Network.