Twitter Earnings Show User Growth Suffered Due to Fake Accounts, Russian Meddling

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(NYSE:TWTR) are climbing higher mid-day as the stock reaches today's top winners list.

Twitter made money for the first time in its almost 12-year history, a milestone that satisfied investors in the short term but might not resolve the company's broader problems any time soon.

A number of other large investors have also recently added to or reduced their stakes in the business.

While Twitter's United States revenue dropped 8% year-on-year to $406m, this was offset by strong global revenue growth of 17% thanks to a strong performance in EMEA and Asia-Pacific. Contrarius Investment Management Ltd now owns 5,624,420 shares of the social networking company's stock valued at $94,884,000 after buying an additional 71,372 shares during the last quarter. Weekly performance analysis shows the equity at 4.26%.Covering Sell-Side analysts have offered recommendations and price target estimates on Twitter, Inc.

Twitter managed to grow its ad revenue in the quarter, slightly, by 1% to $644m.

Stock has got OUTPERFORM rating from 1 analyst (s) whereas last month 1 analyst (s) have given outperform rating.

At the moment 38 analysts are watching Twitter, Inc. We've said it before, but we'll say it again as it is not something we expected to write, this is Twitter's first ever quarter of profitability. This is the price at which the trader or investor wants to exit his existing position so he can realize the most reward. The original version of this news story can be accessed at

Twitter's stock at one point rose more than 23 percent in pre-market trading to $33.28 per share after the company released its financial results. BidaskClub upgraded Twitter from a "hold" rating to a "buy" rating in a research report on Tuesday, October 17th. Non-GAAP earnings were 19 cents a share.

To further restrict cases of sexual harassment, Twitter has vowed to conduct full account reviews whenever it receives tweet-level reports regarding nonconsensual nudity. (NYSE:TWTR). According to First Call, the current consensus target price on shares is sitting at $21.16. At its current stock price, that gives it a price-to-earning ratio of more than 70. Following the completion of the sale, the director now owns 2,441,312 shares of the company's stock, valued at $49,021,544.96. The sale was disclosed in a filing with the SEC, which is available at this link.

On 2/1/2018 Robert Kaiden, Insider, sold 6,018 with an average share price of $26.17 per share and the total transaction amounting to $157,491.06. The disclosure for this sale can be found here. Jefferies Group has a "Hold" rating and a $22.00 price objective on the stock.

But aside from this small change, Twitter has yet to substantively deal with the impact fake news and Russian meddling have had on its site.

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