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Twitter: 4Q Earnings Snapshot

·1 min read
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SAN FRANCISCO (AP) _ Twitter Inc. (TWTR) on Tuesday reported fourth-quarter earnings of $222.1 million.

On a per-share basis, the San Francisco-based company said it had net income of 27 cents. Earnings, adjusted for one-time gains and costs, came to 38 cents per share.

The results topped Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share.

The short messaging service posted revenue of $1.29 billion in the period, also surpassing Street forecasts. Thirteen analysts surveyed by Zacks expected $1.19 billion.

For the current quarter ending in April, Twitter said it expects revenue in the range of $940 million to $1.04 billion. Analysts surveyed by Zacks had expected revenue of $821 million.

Twitter shares have increased 11% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $59.87, an increase of 66% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TWTR at https://www.zacks.com/ap/TWTR