Twitter (TWTR) Reports 1Q'14 Results

Twitter (TWTR) reported 1Q'14 results after the market closed today (02014.04.29). In after market hours trading, TWTR is down almost 10%; therefore, it is easy to conclude investors are not happy with Twitter's progress. Twitter's CEO Dick Costolo said the following.

"We had a very strong first quarter. Revenue growth accelerated on a year over year basis fueled by increased engagement and user growth. We also continue to rapidly increase our reach and scale. With the integration of MoPub, we now reach more than 1 billion iOS and Android users each month, making us one of the largest in-app mobile ad exchanges in the world and the only one at scale to offer native in-app advertising."

Sounds great, but Wall Street doesn't seem to be overly impressed.

TWTR closed on 02014.04.29 at $42.62. 52-week range: $38.80 - $74.73.