Shares of Twitter (TWTR) closed at $36.54, up $1.84, or 5%, following Tuesday's close but were volatile in after-hours trading. The company reported earnings of $0.07/ share on revenue of $502 million. Analysts were looking for $0.04/ share on revenue of $481 million.
Twitter also raised full-year revenue guidance of $2.2-$2.7 billion versus forecasts for $$2.2 billion. Shares made a run at $39, initially, before ending extended trading at $32.41, down $4.13.
The 11% selloff is a little much and we are suggesting buying call options into weakness on Wednesday. Sign-up now to get access to play a rebound in TWTR over the next few days or weeks.