The Internet company said on Thursday that recently launched products
and partnerships have set the stage for it to expand its audience.
The optimistic comments, as well as fourth-quarter revenue that topped analyst forecasts, were well received by investors. Twitter's stock jumped 9 percent to $45 in after hours trading.
"The stock is going to be up, because it's probably better than what people expected. But now they have to deliver," said Wedbush Securities analyst Shyam Patil.
"You can't jump on the bandwagon based on the commentary; you've got to see the numbers come through," he said.
Twitter has struggled to grow the number of users on its service, raising questions about whether it can achieve the scale of social network Facebook Inc, which has 1.39 billion users, or even fast-growing messaging and photo apps such as WhatsApp and Instagram.
CEO Costolo is facing mounting criticism on Wall Street, with many analysts and investors frustrated by the company's slow growth and seemingly constant shake-ups in its upper ranks.
The optimistic comments, as well as fourth-quarter revenue that topped analyst forecasts, were well received by investors. Twitter's stock jumped 9 percent to $45 in after hours trading.
"The stock is going to be up, because it's probably better than what people expected. But now they have to deliver," said Wedbush Securities analyst Shyam Patil.
"You can't jump on the bandwagon based on the commentary; you've got to see the numbers come through," he said.
Twitter has struggled to grow the number of users on its service, raising questions about whether it can achieve the scale of social network Facebook Inc, which has 1.39 billion users, or even fast-growing messaging and photo apps such as WhatsApp and Instagram.
CEO Costolo is facing mounting criticism on Wall Street, with many analysts and investors frustrated by the company's slow growth and seemingly constant shake-ups in its upper ranks.
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