Twitter earnings follow a mixed bag of results from peers Meta, Snap, and Pinterest last week.
Alastair Pike/AFP via Getty Images
Twitter stock fell Thursday after the company reported fourth-quarter sales below expectations. Good news for investors came in the form of an announcement of a $4 billion share buyback program.
Shares in the social media platform rose 4.2% in premarket trading Thursday. Its rise compares to a 0.1% decline in futures tracking the largest stocks in the Nasdaq Composite index, a proxy for U.S.-listed tech.
Twitter (ticker: TWTR) reported sales of $1.57 billion, below Wall Street’s expectations for $1.58 billion in revenue.
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