Wednesday, February 5, 2014

Tech stocks: Twitter headlines busy earnings day

Twitter will report fourth quarter and fiscal year earnings after the markets close on Wednesday, its first report since the company went public last November.

The two big things to watch in Twitter's report: how quickly is the microblogging service adding new users and how much revenue is it raking in, particularly in the mobile space.

Analysts project Twitter will report a loss of 2 cents per share off $217.8 million in revenue for the fourth quarter.

According to Twitter's IPO filing, the company reported $254 million in revenue in the six months ending on June 30 of last year, more than double the amount earned during a comparable time in 2012.

The company also reported more than 215 million monthly active users.

Shares of Twitter have taken off since making its Wall Street debut at $26 a share. In pre-market trading, it's up slightly to $66.35.

Meanwhile, two more tech companies also report earnings after the bell: streaming music service Pandora and online recommendations site Yelp.

Follow Brett Molina on Twitter: @bam923.

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