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Is Twitter Stock a Buy?

TheMotleyFool

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Twitter's (NYSE: TWTR) stock tumbled 11% on Oct. 27 after the social-media company posted a mixed third-quarter earnings report. Revenue rose 37% year over year to $1.28 billion, which matched Wall Street's estimates. But it also posted a net loss of $537 million, or $0.67 per share, which missed expectations by $0.85 and dropped sharply from its net income of $29 million, or $0.04 per share, a year earlier.

That loss was caused by a one-time litigation charge of $766 million to settle a class-action lawsuit, which was initially filed in 2016 by investors who accused the company of using misleading engagement metrics.

Image source: Getty Images.

Source Fool.com

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