Twitter Inc. (NYSE: TWTR) released its fourth-quarter financial results before the markets opened on Thursday. The social media giant said that it had $0.17 in earnings per share (EPS) and $1.01 billion in revenue, which compares with consensus estimates of $0.29 in EPS and $996.74 million in revenue. The same period of last year reportedly had EPS of $0.31 on $908.84 million in revenue.

In the latest quarter, total revenues increased 11% year over year. At the same time, costs and expenses totaled $854 million, an increase of 22% year over year.

Average monetizable daily active users totaled 152 million for the fourth quarter, compared to 126 million in the same period of the previous year and to 145 million in the previous quarter.

Looking ahead to the first quarter, the company expects to see total revenue in the range of $825 million to $885 million, with operating income of $0 to $30 million. Consensus estimates call for $0.19 in EPS and $872.64 million in revenue.

Ned Segal, Twitter’s chief financial officer, commented:

We reached a new milestone in Q4 with quarterly revenue in excess of $1 billion, reflecting steady progress on revenue product and solid performance across most major geographies, with particular strength in US advertising. We continue to see tremendous opportunity to get the whole world to use Twitter and provide a more personalized experience across both organic and promoted content, delivering increasing value for both consumers and advertisers.

Shares of Twitter traded up 15.5% early Thursday, at $38.56 in a 52-week range of $28.63 to $45.86. The consensus price target was last seen at $34.20.

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