NEW YORK ( TheStreet) -- Twitter ( TWTR) will report earnings after the bell today and much more is riding on its performance than its stock price. Investors on StockTwits.com are looking to Twitter's earnings report and subsequent stock performance to confirm or dispel speculation about a social networking-led tech bubble.
Twitter's stock climbed 3.6% in advance of its report. Sentiment on the stock is 71% bullish, according to StockTwits analytics. Facebook, $FB, and LinkedIn, $LNKD, were also up in anticipation of spillover from a positive report.
It's pretty clear to us here: tech momo bounced off bottom BB yesterday, followed thru today. If $TWTR ers is good, we can short-term bottom-- HCPG (@HCPG) Apr. 29 at 12:22 PM
The micro-blogging company is expected to report a loss of 3 cents per share on $241.47 million in revenue, according to stats on Yahoo! Finance. Many investors anticipate it will beat consensus estimates.
Twitter's past performance hasn't been encouraging. Twitter's year-over-year user growth has decelerated rapidly. In the U.S., it has fallen from about 100% growth in the fourth quarter of 2011 to around 20%. Worldwide, growth has fallen from more than 120% in the fourth quarter of 2011 to less than 40%.