Twitter (TWTR) Reports 4Q'13 Results (Tanks in After Hours Trading)

Twitter (TWTR) reported 4Q'13 results after the markets closed today (02014.02.05). This was the first time Twitter reported financial results as a public company. Investors are not tweeting tweets of joy right now and it's because "184 million monthly active users in the fourth quarter was lower than the consensus expectation of 249 million." 35 minutes into after hours trading TWTR was down 13%.

Twitter's revenue for 02013 was $665 million. The company is projecting 02014 revenues of $1.15 billion to $1.2 billion.

Twitter ended 02013 with approximately $2.2 billion in "cash."

TWTR closed today (02014.02.05) at $65.97. 52-week range: $38.80 - $74.73.

[update::02014.02.06] Ouch! TWTR opened down 23.28%. Previous close $65.97; opened at $50.61. Dipped to $50.00 and right now (35 minutes into trading) its down 19% at $53.35.