80% of Twitter use comes from mobile devices; key metric of Twitter use declines 7% in Q3
Timeline views per user for the period, dropped 7% to 636 on a global basis. In the states, the average number of timeline views per user declined 6% to 774. Overall timeline views of 181 billion for the three months, failed to meet Wall Street expectations and led to an after-hours meltdown in the shares. After hours, Twitter's shares dropped over 10% and were trading at $43.38, down over $5 from Monday's closing price.
The company reported a net loss of 29 cents a share for the third quarter, an improvement from the 48 cents a share Twitter lost in the same period last year. For the current quarter, Twitter is forecasting revenue of $440 million to $450 million. No forecast of advertising revenue for the current quarter was released.
source: Twitter via Reuters