The company reported fourth-quarter revenue and offered an upbeat outlook even as Twitter missed Wall Street's estimates for audience growth.
Twitter reporter net income of $222 million, or 27 cents per share, up from $119 million, 15 cents per share a year ago. Excluding items, Twitter earned 38 cents per share.
"2020 was an extraordinary year for Twitter. We are more proud than ever to serve the public conversation, especially in these unprecedented times," Jack Dorsey, Twitter's CEO, said in a statement. "Our product changes to date are promoting healthier conversations for those who use our service, including advertisers and partners, and we are excited about our plans to continue innovating in 2021."
As of intraday trading Wednesday, Twitter was trading around $64.
In the video above, Jim Cramer breaks down why he believes Twitter stock is headed to $100.
TheStreet Live Recap: Everything Jim Cramer Is Watching Wednesday
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