Twitter Inc (TWTR) Stock Soars on Profit Possibility

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Twitter Inc’s (NYSE:TWTR) earnings report for the third quarter of 2017 contains some good news for investors.

Twitter Inc (TWTR) Stock Soars on Profit Possibility

In its most recent earnings report, Twitter Inc says that it’s possible it will become profitable next quarter. It is expecting Adjusted EBITDA to range from $220 million and $240 million for the fourth quarter of 2017. It also says that it expects Adjusted EBITDA margin to come between  35% and 36%.

Twitter Inc notes that it is expecting its Adjusted EBITDA for the fourth quarter of the year to be near the high end of its expectations. If this is the case, the social media company says that there is a good chance it will be GAAP profitable. This would be a first for it and is sending TWTR stock higher today.

The rest of Twitter Inc’s earnings report for the third quarter of 2017 also had some pleasant surprises for investors. This includes earnings per share of 10 cents for the quarter. This is a one-penny increase from earnings per share in the same period of the year prior. It also beat out Wall Street’s earnings per share estimate of 7 cents.

TWTR stock also likely got a boost today from its third-quarter revenue of $590 million. This is down 4% from revenue reported in the same time last year. However, it still came in above analysts’ revenue estimate of $586.73 million for the third quarter of the year.

TWTR stock was up 15% as of Thursday morning and is up 20% year-to-date.

As of this writing, William White did not hold a position in any of the aforementioned securities.


Article printed from InvestorPlace Media, https://investorplace.com/2017/10/twitter-inc-twtr-profit-stock/.

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