Twitter Inc. shares tumbled 9.6 percent on Wednesday after the company disappointed the market with lackluster sales guidance. On Tuesday, Twitter reported third-quarter adjusted earnings per share (EPS) of 18 cents, beating consensus analyst estimates of 15 cents. Revenue of $1.284 billion fell just short of analyst expectations of $1.285 billion. Revenue was up 37 percent from a year ago. Twitter reported 211 million monetizable daily active users, slightly below the 211.9 million Wall Street was expecting. Ad revenue in the quarter was up 41 percent to $1.14 billion, while total ad engagements were up 6 percent from a year ago. Twitter also reported a $766-million, one-time legal charge related to a September settlement involving Twitter allegedly misleading investors about user growth. Looking ahead, Twitter guided for fourth-quarter revenue of between $1.5 billion and $1.6 billion. The midpoint of that guidance range fell short of consensus analyst estimates of $1.58 billion. Twitter …
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