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Omar Venerio
Omar Venerio
Articles (1322) 

Wall Street Falls on Thursday

Twitter soars on financial results

U.S. stock market indexes opened lower on Thursday as bond yields continued to rise. Interest rates rose on a strong jobs report last week. Stock markets are in the red and investors should watch the changes closely.

Shares of Twitter  Inc. (NYSE:TWTR) jumped in Thursday premarket trading on the back of the company reporting its financial results for the fourth quarter. The company posted earnings of 19 cents per share on $732 million in revenue. Moreover, the company beat eanings estimates by 5 cents and revenue expectations by $45.94 million. Total revenue grew 2.1% year over year due to strong engagement growth, improvement in revenue products, better return for advertisers and better sales execution.

The net margin reached 12%, which was an improvement from the negative margin reported in the prior-year quarter. Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) was $308 million, or 42% of total revenue, higher than the $215 million, or 30% of total revenue, for the same quarter of 2016.

Looking ahead to the first quarter of 2018, Twitter expects adjusted EBITDA to be between $185 million and $205 million. The adjusted EBITDA margin is expected to be between 33% and 34%.

Gainers

Losers

Global markets

The main European stock markets closed in negative territory. The U.K.'s FTSE 100 lost 1.49%, France's CAC 40 retreated 1.98%, Germany's Dax fell 2.62% and Spain's Ibex declined 2.21%.

In Asia, Japan's Nikkei 225 gained 1.13%, India’s BSE Sensex advanced 0.97% and Hong Kong's Hang Seng rose 0.42%. China's SSE Composite slid 1.43%.

Disclosure: The author holds no positions in any stocks mentioned.

About the author:

Omar Venerio
Omar Venerio is a capital markets, derivatives, corporate finance and financial management professor. He is passionate about the stock market and providing independent fundamental research and hedge fund and insider trading-focused investigation.

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