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Twitter Disappoints on Earnings, Might Be a Bargain

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Twitter lost its wings following earnings report Monday and dropped 9.4%, as reported by SeekingAlpha. The second most popular social media company after Facebook reported growth was up 6%, timeline views rising 5% and increase of mobile users. All this sounds pretty good, but management disappointed on its guidance, and that sent the shares falling. Expectations of revenue were in the range of $440M-450M, at the low range of the Street’s expectations of $448M. Even a 9% rise in revenues couldn’t assuage investors, who were disappointed with sales projections for Q4.

CFO Anthony Noto said Twitter’s ad load is less than Facebook’s, but can be increased. Overseas MAU growth was impacted by verifying identities of Asia-Pac users. While some investors are concerned about Twitter’s growth projections, Jim Cramer of Mad Money would use the 9% drop s a buying opportunity, because he believes in the long-term story for Twitter.

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