Twitter beat expectations today in its first earnings report since going public in November, earning 2 cents per share on $242.7 million in revenues last quarter. They company had 241 million monthly active users, up only slightly from 232 million the previous quarter. The stock declined more than 10 percent on the news, likely reflecting investors' disappointment with the slowing user growth.
Analysts had expected Twitter to lose 3 cents per share, according to consensus estimates gathered by Mark Mahaney at RBC Capital Markets. They were looking for about $217 million in revenue for the quarter, representing 94 percent growth from the previous year. At the time of its initial public offering in November of 2013, Twitter was on pace to...
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