Twitter Falls on Tepid Sales Forecast and Lackluster User Growth
- Daily active users increase to 126 million from 115 million
- Fourth-quarter sales were $909 million, beating estimates
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Twitter Inc. fell the most in seven weeks after giving a lackluster first-quarter sales forecast and reporting tepid user growth, suggesting that changes to improve the social-media service hasn’t yet attracted a much wider audience.
Revenue will be $715 million to $775 million in the period, the San Francisco-based company said Thursday in a statement. Analysts, on average, projected $766.1 million, according to data compiled by Bloomberg. The company also reported a decline in monthly active users, though it began reporting daily active users and showed growth in that metric.