Twitter Tanks Post Q3: ETFs to Watch

Things are not going smoothly for Twitter (TWTR) as the social networking site failed to prompt investor enthusiasm with any of its earnings releases this year. After reporting a weak Q1, a soft guidance had taken the shine out of the company’s Q2 and Q3.

Most recently, on October 27, Twitter came up with its Q3 results after market. This time, the company beat on the top and the bottom lines and should have ideally seen a lift in its share price. But a deceleration in monthly user growth and weak revenue forecast led investors to excuse themselves from the Twitter stock. As a result, a downward drift in its share price was noticed after hours.

Q3 in Detail

The company’s third-quarter 2015 adjusted loss per share (including stock-based compensation expense) of 15 cents was narrower than the Zacks Consensus Estimate of 25 cents of loss. Excluding the stock-based compensation expense, the company earned $0.10 earnings per share on a pro forma basis, considerably up from the year-ago level.

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