With Twitter Inc’s TWTR earnings call looming, the stock is buzzing in the news and social media. Dr. Thomas Carr, founder of DrStoxx.com and chief investment strategist for Street Authority, expressed a few of his thoughts to Benzinga.
“Twitter's CEO, Dick Costolo will have to be out front and aggressive on the call if he wants to keep his job. The company should be able to meet the net income number of $41 million. But has the company overcome years of dysfunction to finally get some healthy growth in new users?”
Related Link: Social Media Analytics: Experts Bullish On GoPro, LinkedIn And Twitter Ahead Of Earnings
Carr concluded, “The recently enhanced functionality -- especially the new Google gig -- should boost investor confidence. But if Twitter misses, Costolo is out of a job."
Twitter’s stock hit $42.47 on Thursday morning, but started loosing some ground in the afternoon.
Shares recently traded at $41.18, up 1.1 percent.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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