Twitter posts its first quarterly profit ever, so why does its stock tumble?

Twitter surprised analysts on Wednesday by posting its first quarterly profit. But that wasn’t enough to satisfy investors, who sent the social media company’s stock tumbling 17 percent in extended-hours trading. Twitter’s stock floated at $26 in its November IPO and peaked at $74.73 in late December. On Wednesday, in its first quarterly earnings report as a public company, Twitter posted fourth quarter earnings of 2 cents per share on revenue of $243 million, easily surpassing analysts’ predictions of a loss of 2 cents per share on revenue of $218 million. But Twitter also posted its worst active user growth in three years along with disappointing user-engagement statistics. Twitter added 9 million active users per month in the fourth quarter, the worst figure since the final quarter of

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