Twitter reports…

Twitter reported it’s first quarter, here’s the data via Matt Lynley at Buzzfeed Business…

Despite beating analyst expectations on nearly every measure — revenue, guidance, earnings and the like — shares of Twitter are still tanking in extended trading after the company reported its fourth-quarter earnings.

That’s likely partly because Twitter also said it had 241 million monthly active users at the end of the quarter, a gain of only 9 million new users since the last quarter when it went public with 232 million monthly active users. Twitter’s shares fell 12% in extended trading, erasing much of the gains it made following a euphoric post-IPO run that sent shares north of $60.

The company reported fourth-quarter earnings Wednesday of $243 million and earnings of 2 cents per share, above analyst estimates of $217.8 million in revenue and a loss of 2 cents per share.

The stock is off ten or twelve bucks in the afterhours. If you remember from the pre-IPO period, the company made it clear that they would define success as the ability to further cross over and become a more mainstream service. These results show some progress but nowhere near enough to justify high 60’s, low 70’s, it appears.

The actual earnings result itself, user growth notwithstanding, was good – but not Facebook-good. We’ll see if some of the many analysts who’ve downgraded the stock ahead of earnings use this weakness as an opportunity to upgrade.

Disclosure: I’m long a token position since the IPO, have been hoping for a real sell-off to add to it.