It's generally been a happy earnings season for Silicon Valley, with the likes of Facebook and Snap topping Wall Street expectations.
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Twitter is sliding despite beating Wall Street expectations
Twitter reported its fourth-quarter earnings before the opening bell on Thursday.
Jack Dorsey.JPG
Twitter was under pressure to do the same, and it beat or matched analyst forecasts on some key indicators.
- Revenue: $909 million. Analysts were looking for $869.5 million. Sales were up 24% on $717 million in the final three months of 2017.
- Earnings per share : 31 cents, compared to 25 cents expected by Wall Street.
- Monthly active users : 321 million down 9 million year-on-year, but matching the forecasted 321 million.
Despite the performance, Twitter's stock slid nearly 8% in pre-market trading.
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SEE ALSO: Twitter is soaring after beating Wall Street expectations but it's lost millions of users
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