Twitter Stock Falls Nearly 10 Percent Despite Beating Q4 Earnings Estimates

The tech giant provided light guidance and announced it expected expenses will increase 20 percent in 2019.

learn more about Matthew McCreary

By Matthew McCreary

David Paul Morris | Getty Images

The Entrepreneur Index™, Dow Index and S&P 500 were all down on Thursday. Most notably, Twitter stock fell by 3.36 points (9.84 percent) despite reporting revenue of $909 million (about $41 million more than expected in a Refinitiv survey of analysts). That's in large part due to the fact that Twitter also announced it expected expenses to increase by 20 percent this year in order to improve "health, conversation, revenue product and sales, and platform."

It was a tough day for technology stocks in general, as all five FAANG (Facebook, Apple, Amazon, Netflix and Google or Alphabet) stocks fell. Facebook dropped by 4.11 points (2.41 percent), the most of the five.

Ford (-4.7 percent), Hess Corp. (-4.62 percent) and Macerich Company (-4.55 percent) also saw big declines on Thursday. However, the Entrepreneur Index™ was bolstered by Chipotle's huge earnings after reporting earnings yesterday. The quick-service burrito restaurant stock was up 59.72 points per share, or 11.35 percent. Other winners on the day included O'Reilly Auto Parts (+3.35 percent) and D.R. Horton Inc. (+2.45 percent).

The Entrepreneur Index™ collects the top 60 publicly traded companies founded and run by entrepreneurs. The entrepreneurial spirit is a valuable asset for any business, and this index recognizes its importance, no matter how much a company has grown. These inspirational businesses can be tracked in real time on Entrepreneur.com.

Matthew McCreary

Entrepreneur Staff

Associate Editor, Contributed Content

Matthew McCreary is the associate editor for contributed content at Entrepreneur.com.

Related Topics

Editor's Pick

Have More Responsibilities at Work, But No Pay Bump? Use This Script to Get the Raise You Deserve.
Black and Asian Founders Face Opposition at All Levels — Here's Why That Has to Change
Business News

This OnlyFans Star Was Once Part of a Fanatical MLM Cult. "I Was Forced Into Celibacy."

Cami Strella was lured into a multilevel marketing scheme but escaped to start her own six-figure-a-month business.

Living

Invest in Yourself: 10 Things Every Working Woman Should Do This Year

When striving for success, it is easy to forget about your mental and physical health. But without health, you cannot fully succeed. Follow these ten lifestyle strategies for success in your personal and professional life.

Business Culture

The Forgotten Asset in Delivering Exceptional Customer Service Is Your Employees — Here's Why.

It's time for business and HR leaders to obsess over the employee experience (EX) as much or more than the customer experience.

Business Ideas

How to Make Thousands of Dollars on the Side As a Virtual Assistant

Apply your skills and experience to create a lucrative virtual assistant side hustle or full-time business.

Thought Leaders

5 Small Daily Habits Self-Made Millionaires Use to Grow Their Wealth

We've all seen what self-made millionaires look like on TV, but it's a lot more subtle than that. Brian Tracy researched what small daily habits these successful entrepreneurs adopted on their journey from rags to riches.