Oct. 27--Twitter is reporting third-quarter earnings this afternoon, the first since co-founder Jack Dorsey regained his position as permanent chief executive.
The San Francisco microblogging company has routinely disappointed Wall Street with lackluster financial results and an unclear road map, but Dorsey has pledged to overhaul the company and set it on a new course.
Analysts polled by FactSet Research Systems are expecting revenue of $560 million and adjusted earnings per share of 5 cents; Twitter reported revenue of $361.3 million and adjusted earnings per share of 1 cent in the same quarter a year ago.
Dorsey, 38, was named permanent chief executive this month after a lengthy process to find a successor for Dick Costolo, who stepped down July 1 amid criticism that Twitter wasn't living up to its potential. Dorsey is also founder and chief executive of mobile payments company Square.
Since the Dorsey announcement, Twitter's stock has risen 17%. Still, shares are down 14% for the year.
Although Dorsey has said he would like to see the company roll out new products faster, grow revenue and better engage current users while enticing new ones to join, analysts are hoping to hear more specific plans during the company's 2 p.m. earnings call.
We'll be tuning in and will have a full earnings story up later.
