Twitter profit drops in 4th quarter but user numbers rise

Twitter reported Thursday that its fourth-quarter net earnings fell to $119 million from $255 million in same period a year earlier.

San Francisco-based tech company said it h net income of 15 cents per share. Earnings, justed for one-time gains and costs, were 17 cents per share.

short messaging service posted revenue of $1.01 billion in period, 11% higher than a year ago.

For whole year, Twitter posted net income of $1.47 billion on revenue of $3.46 billion.

company h 152 million daily users in latest quarter, up from 145 million in previous quarter.