Investors’ concerns over the weak forecast overshadowed strong fourth-quarter results for the social media company that included a 24% jump in total revenue, helped by growth in its video advertising business. Twitter said it expected total revenue of between $715 million and $775 million for the first quarter of 2019. The midpoint of that range was below analysts’ average estimate of $765 million, according to IBES data from Refinitiv. Twitter also expects capital expenditure of between $550 million and $600 million in 2019, well above analysts’ average estimate of $415 million. Excluding some items, Twitter reported quarterly profit of 31 cents a share, beating the average estimate of 25 cents.

Source: Dhaka Tribune February 07, 2019 18:00 UTC