earnings and revenue misses so far have been penalized in the stock market this quarter more than usual through last week companies that report misses on both earnings and sales have been penalized by 278 basis points relative to the market more than the historical average of 233 basis points according to bank of america so the positive stockmarket reaction to twitter’s results on the surface was perplexing after the microblogging service reported a surprise loss on slightly worse than forecast revenue but twitter