Twitter shares plunge 7% on the first quarter guidance down by Investing.com

Investing.com – Shares on Twitter (NYSE 🙂 plunged Thursday into pre-trade trading after the social media company reported disappointing prospects for the first quarter.

Twitter has sales between $ 715 and $ 775 million for the current quarter, compared with forecasts of $ 762.4 million.

He also warned that he foresaw capital expenditures ranging between $ 550 and $ 600 million, well above the average estimate of $ 415 million badysts for 2019.

For the fourth quarter, Twitter posted earnings per share of $ 0.31 and a business turnover of $ 909.0 million.

Analysts surveyed by Investing.com expect Twitter to announce earnings of $ 0.25 per share on a turnover of $ 868.24 million.

Advertising revenue reached $ 791 million, up 23% from the previous year.

The average monthly number of active users, which the company announced it would cease disclosing after the current quarter, amounts to 321 million euros for the quarter, which is lower than expected at 323.8 million partly thanks to its campaign to remove millions of abusive accounts.

The average number of daily monetizable users (mDAU) was 126 million compared to 115 million in the same period of the previous year and 124 million in the previous quarter.

Following the release of the report, Twitter shares fell 7% in pre-market trading to $ 31.70.

Twitter Inc follows other important results in the technology sector this month

On January 24, Intel announced fourth-quarter EPS of $ 1.28 on revenue of $ 18.66 billion, against forecasts of $ 1.22 on revenue of $ 19.01 billion.

SAP ADR earnings were below badysts' expectations on Jan. 29, with fourth-quarter EPS of $ 1.72 on a turnover of $ 8.49 billion. Investing.com badysts expect EPS of 1.78 USD on a turnover of 8.24 billion USD

Stay up-to-date on all upcoming earnings reports by visiting the Investing.com results calendar.