Give me a beak! Street squawks over Twitter user numbers

Twitter's wings have been clipped.

Investors sent shares of the micro-blogging company down more than 10 percent in after-hours trading after the San Francisco firm beat Wall Street forecasts for top- and bottom-line performance — but showed strains trying to grow its user base.

Despite numerous tweaks in recent months to make tweeting easier, Twitter said its user base, measured by the number of users who log in monthly, grew by just 25 percent for the three months ended March 31, to 255 million.

That's down from the 30 percent growth in so-called monthly active users in the previous quarter and the 39 percent in the quarter before that.

Now Wall Street is biting its nails amid fears that Twitter will never get as big as Facebook, which has 1.3 billion monthly active users.

"Twenty-five percent growth is not bad, but when your stock is trading at 20 times revenue, you have to do better than that," said Shyam Patil of Wedbush.

Shares of Twitter traded down more than 10 percent in late trading, hitting a new 52-week low at $38.06.

This year, the stock is down 33 percent to $42.62.

Twitter, which has been facing questions about its growth since it went public last year, posted revenue of $250 million, up 119 percent over last year and above Wall Street's expectations of $241.7 million.

The company, headed by CEO Dick Costolo, posted a net loss of 23 cents a share, wider than the 20 cent loss last year.

Non-GAAP earnings were break-even, compared with estimates of a loss of 3 cents.

Wall Street was also discouraged by Twitter's timeline views, or the number of times users refresh their feed for new posts. The company said it saw 157 million timeline views in the quarter, up 15 percent from last year but still down from the third-quarter peak of 159 million.

Ad revenue per timeline view came in at $1.44 billion, up 96 percent from last year but down 3 percent from the previous quarter.

Anda sedang membaca artikel tentang

Give me a beak! Street squawks over Twitter user numbers

Dengan url

http://makananrasaenak.blogspot.com/2014/04/give-me-beak-street-squawks-over.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

Give me a beak! Street squawks over Twitter user numbers

namun jangan lupa untuk meletakkan link

Give me a beak! Street squawks over Twitter user numbers

sebagai sumbernya