How Twitter’s Profit Milestone Came About
For the first time since going public in 2015, Twitter (TWTR) was able to turn a net profit on a GAAP (generally accepted accounting principles) basis in 4Q17, marking a significant milestone for the company and lifting investors’ hope for a better future. The profit was a much-needed disruption of Twitter’s losing streak that characterized recent past quarterly reports amid weakness in its core advertising business. Twitter posted a net profit of $91 million in 4Q17, translating to EPS (earnings per share) of $0.12.