Twitter Shares Climb After Hours on Q4 Results, 2015 Outlook

Shares of Twitter look likely to trade higher in Friday's session after posting quarterly results that topped forecasts and delivering a solid revenue outlook for 2015. The micro-blogging site posted adjusted earnings of 12 cents a share, double what Wall Street was expecting. Revenue figures were also better than expected. But, the number of monthly active users in the fourth quarter was slight shy of expectations. Twitter says it lost about 4 million users in the fourth quarter because of changes in 'third party integrations.' For the current quarter, Twitter expects revenue to be between $440 million and $450 million. And, for the full year, it expects revenue to be between $2.3 billion and $2.35 billion. Just this week, Twitter introduced video native to its platform, added a group messaging capability as part of its direct messaging offering, and is testing an 'instant timeline' feature for new users. Ruben Ramirez has details from New York.