What Twitter investors are chirping about
It's time for social media stocks to do less talking and more showing. This is a big week for social media earnings reports - starting today with Twitter (TWTR).
The online service that allows investors to share short messages is expected to report a quarterly profit of a penny a share, revering a year-ago loss of 13 cents a share. Revenue is expected to more than double, rising 109% to $252 million, says S&P Capital IQ.
Those are the numbers Twitter investors say they're looking for - but they're actually looking for more. The company has beaten earnings estimates in each of the past three earnings quarters, S&P Capital IQ says. During the quarter ended in June, for instance, Twitter made 2 cents a share, well ahead of the expected 3-cents-a-share loss.
Good numbers are needed to get this stock going:
Talk is centering around Twitter to actually earn a profit of 3 cents a share. Anything less would be seen as the company laying an egg.
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