Twitter Tumbles After Mixed Q4 Report

Twitter Inc TWTR shares are trading lower by $2.00 at $16.71 in Thursday's session.

The issue is being punished for a mixed Q4 report that revealed an EPS beat of $0.04 coupled with a $23 million sales miss. Although the company showed an improvement in active users, the Street is alarmed with its much lower sales guidance.

Adding to the selling, is that the Street was leaning the wrong way into the report as the issue closed at its highest level since December 15 ($18.63), when it ended Wednesday's session at $18.72.

After a lower open, it managed only a $0.02 bounce to $17.12 before continuing its move lower. So far, the ensuing decline has reached $16.53 and its attempting to rebound. That low coincides with January 30 low ($16.41) and matches its January 27 low.