Twitter shares were up as much as 9% during premarket trading, following the company's Q4 earnings report that missed estimates for EPS but beat revenue and active user expectations.
for its fourth quarter of 2019 Thursday that missed analyst estimates for earnings per share but beat revenue and active user expectations.Earnings per share:$1.01 billion vs. $996.7 million expected, according to Refinitv147.5 million total expected, according to FactSet and StreetAccount
Twitter said it expects stock-based compensation expenses for fiscal year 2020 to fall between $425 million and $475 million and capital expenditures to fall between $775 million and $825 million. The company plans to build a new data center and grow headcount by 20% during the year, which would be about 960 employees on top of the 4,800 it said it employed by the end of 2019.
Twitter said the issues around its ad targeting and measurement resulted in a dip of at least four points in year-over-year growth in total global revenue in Q4, which it said was in line with its previous outlook. Twitter said total ad engagements grew 29% in the quarter driven by improved clickthrough rates and increased impressions due to audience growth. Cost per engagement fell 13% due in part to a shift to video ad formats, which Twitter said have lower CPEs.
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