Mobile Tech Today

CIO Today Network Sites:   Top Tech News  |   CIO Today   |   Mobile Tech Today   |   Data Storage Today
News & Product Reviews for Mobile Tech Users
Friday, April 18th 
Real-time info services with Neustar
This ad will display for the next 20 seconds. Please click for more information, or scroll down to pass the ad, or Close Ad.
Trending Topics:   Security Heartbleed Big Data Cloud Computing Windows XP Data Centers OS X Mavericks
Home
Laptops & Tablets
Mobile Phones
Mobile Gadgets
Mobile Apps
BYOD & MDM
iPad
Mobile Industry News
Wireless Connectivity
Wireless Security
GPS & Maps
MTT Press Releases
 
Free Newsletters
Top CIO News
 
Mobile Tech Today
 

Applications

Twitter Shares Tumble After Results Announced

Twitter Shares Tumble After Results Announced
February 7, 2014 9:31AM

Bookmark and Share
Despite beating Wall Street's sales and profit forecasts, Twitter's shares nose-dived more than 17 percent in after-hours trading on lackluster user growth and engagement figures. Twitter CEO Dick Costolo remained optimistic, saying the company would focus on increasing "high-quality interactions" to turn casual users into existing core users.

APC has an established a reputation for solid products that virtually pay for themselves upon installation. Who has time to spend worrying about system downtime? APC makes it easy for you to focus on business growth instead of business downtime with reliable data center systems and IT solutions. Learn more here.

Twitter CEO Dick Costolo on Wednesday came out pitching the case for the service's mainstream potential as the company faced growth concerns in its first financial report to Wall Street since going public.

Twitter beat Wall Street's sales and profit forecasts, but shares nose-dived more than 17 percent in after-hours trading on lackluster user growth and engagement figures.

"We can increase high-quality interactions and make it more likely that new or casual users will find the service as indispensable as our existing core users do," Costolo said on the company's conference call.

Share of Twitter plummeted $11.59, to $54.38, following its letdown that monthly active users came in at 241 million, a 30 percent year-over-year increase but well below expectations. Twitter's engagement dropped to 148 billion Timeline Views, an 11 billion decline from the previous quarter.

"What Twitter needs to prove is two things: that they can dramatically increase engagement with advertisers; and they can dramatically increase engagement with users. The market is now questioning whether they can go mainstream," said RBC Capital Markets analyst Mark Mahaney.

The company reported $9.8 million in net income, or 2 cents per share, on $243 million in revenue. It was expected to report a loss of $13 million, according to the survey of estimates from Thomson Reuters.

Shares of Twitter have seen a 47 percent run-up in trading since the company went public Nov. 7. Twitter's deceleration of monthly active users, a closely watched measurement, raises questions about its ability to continue to grow as steadily as Facebook.

"My guess is that Twitter will be successful long term in re-accelerating user engagement," said Mahaney.

© 2014 under contract with NewsEdge. All rights reserved.

Tell Us What You Think
Comment:

Name:



 Applications
1. Android Gets Chrome Remote Desktop
2. Silverpop: IBM Marketing Gets Personal
3. VMware Horizon 6 Folds In AirWatch
4. Cuban Twitter Creates New Hurdles
5. Wedding in the Palm of Your Hand


 Related Topics  Latest News & Special Reports

  Google Street View Unravels CAPTCHAs
  Android Gets Chrome Remote Desktop
  Malware Targets Facebook Users
  Intel Reports Lower 1Q Net Income
  Samsung Tech Experts Talk Patents

 Technology Marketplace

Business Intelligence
Get real-time, cloud-based information services with Neustar.
 
Cloud Computing
BMC's I.T. solutions unleash the power of your business
Next Generation Data Center Is Here! Vblock™ Systems from VCE
 
Contact Centers
HP delivers the future of the contact center with HP Qfiniti 10.
 
Data Storage
Next Generation Data Center Is Here! Vblock™ Systems from VCE
Barium Ferrite (BaFe) is the future of tape.
2.5" Enterprise-class SATA & SAS SSDs for server & storage applications
 
Enterprise Hardware
Barium Ferrite (BaFe) is the future of tape.
2.5" Enterprise-class SATA & SAS SSDs for server & storage applications
 
Enterprise I.T.
BMC's I.T. solutions unleash the power of your business
 
Hardware
Protect your network with APC Smart-UPS battery backup
 
Network Security
Protect your network with APC Smart-UPS battery backup
 

Network Security Spotlight
Google's Street View Software Unravels CAPTCHAs
The latest software Google uses for its Street View cars to read street numbers in images for Google Maps works so well that it also solves CAPTCHAs, those puzzles designed to defeat bots.
 
Canadian Teen Arrested for Heartbleed Hack
One week after the OpenSSL Heartbleed vulnerability was unveiled, Canadian authorities have made the first arrest -- a London, Ontario teenager -- connected to exploiting the security hole.
 
IBM Offers Security, Disaster Recovery as SoftLayer Service
New disaster recovery and security services for SoftLayer clients are being added by IBM. Big Blue said the new capabilities will speed cloud adoption by alleviating concern over business continuity.
 

Enterprise Hardware Spotlight
Vaio Fit 11A Battery Danger Forces Recall by Sony
Using a Sony Vaio Fit 11A laptop? It's time to send it back to Sony. In fact, Sony is encouraging people to stop using the laptop after several reports of its Panasonic battery overheating.
 
Continued Drop in Global PC Shipments Slows
Worldwide shipments of PCs fell during the first three months of the year, but the global slump in PC demand may be easing, with a considerable slowdown from last year's drops.
 
Google Glass Finds a Home in Medical Education, Practice
Google Glass may find its first markets in verticals in which hands-free access to data is a boon. Medicine is among the most prominent of those, as seen in a number of Glass experiments under way.
 

Mobile Technology Spotlight
Google Releases Chrome Remote Desktop App for Android
You're out on a sales call, and use your Android mobile device to grab a file you have back at the office on your desktop. That's a bit easier now with Google's Chrome Remote Desktop app for Android.
 
Amazon 3D Smartphone Pics Leaked
E-commerce giant Amazon is reportedly set to launch a smartphone after years of development. Photos of the phone, which may feature a unique 3D interface, were leaked by tech pub BGR.
 
Zebra Tech Buys Motorola Enterprise for $3.45B
Weeks after Lenovo bought Motorola Mobility’s assets from Google for $2.91 billion, Zebra Technologies is throwing down $3.45 billion for Motorola’s Enterprise business in an all-cash deal.
 

Navigation
Mobile Tech Today
Home/Top News | Laptops & Tablets | Mobile Phones | Mobile Gadgets | Mobile Apps | BYOD & MDM | iPad
Mobile Industry News | Wireless Connectivity | Wireless Security | GPS & Maps | MTT Press Releases
Also visit these Enterprise Technology Sites
Top Tech News | CIO Today | Mobile Tech Today | Data Storage Today

Services:
FreeNewsFeed | Free Newsletters | XML/RSS Feed

About CIO Today Network | How To Contact Us | Article Reprints | Services for PR Pros (In partnership with NewsFactor) | Top Tech Wire | How To Advertise

Privacy Policy | Terms of Service
© Copyright 2000-2014 Mobile Tech Today. All rights reserved. Article rating technology by Blogowogo. Member of Accuserve Ad Network.