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TWITTER Q4 REVENUE BEATS ESTIMATES, STOCK SPIKES - Capital Street FX

06-Feb
19:58 IST

In the Premarket trading session on Thursday, Twitter’s stock was trading at 36.54- higher by 9.43% as compared to its previous close.

The company reported its earnings for the fourth quarter before the market open on Thursday. Twitter generated an adjusted EPS (excluding items) of 25 cents for the fourth quarter of 2019. The EPS was below the consensus estimates of 29 cents. The company brought in $1.01 billion in revenue for the fourth quarter. The revenue was above the consensus estimates of $996.7 million.

Twitter reported 152 million monetizable daily active users (mDAUs) for the fourth quarter. The mDAUs were above the median forecast of 147.5 million. The company said that it experienced the fastest quarterly growth of mDAUs and the metric rose to its highest level in the fourth quarter. The company expects between $825 million and $885 million in revenue for the first quarter. The revenue was largely below the market expectation of $872.6 million. The company brought in $1 billion in quarterly revenue for the first time. Stocks of Twitter have gained 4.18% Year to date.

On the technical front, the current price is above the MA5 and the MA20. The current price is above the upper band of the Bollinger Bands and is heading upwards. The stock is expected to trade higher today.

 

TRADE SUGGESTION- LIMIT BUY AT 36.30 TAKE PROFIT AT 36.80 STOP LOSS AT 36.05

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