shares of twitter inc were gaining in premarket trading thursday after the socialmedia company largely met expectations with its latest financial results and announced a new 4 billion buyback program the company reported fourthquarter net income of 182 million or 21 cents a share down from 222 million or 27 cents a share in the yearearlier quarter after adjusting for stockbased compensation and other expenses twitter twtr earned 33 cents a share down from 38 cents a share a year prior and in line with the factset consensus twitter’s revenue increased to 157 billion from 129 billion while analysts had been modeling 158 billion the company had 217 million monetizable daily active users mdaus in the fourth quarter up from 211 million in the third quarter analysts tracked by factset were expecting the company to add 8 million mdaus in the period twitter had 38 million us mdaus on average and 179 million international mdaus on average in the fourth quarter the company further announced a new 4 billion sharebuyback program twitter said that in conjunction with the new program it plans to enter into a 2 billion accelerated share repurchase and buy back the remaining 2 billion in shares over time “we will continuously evaluate efficient alternatives to using cash on hand to fund the program including accessing the capital markets subject to market conditions” twitter said in its earnings release this new program will replace the prior 2 billion program that was approved in 2020 and had about 819 million remaining twitter shares were up more than 7 in premarket trading thursday for the first quarter twitter expects total revenue of 117 billion to 127 billion while analysts were anticipating 126 billion the company also projects a gaap operating loss of 175 million to 225 million for the period the factset consensus was for a 23 million operating loss looking at the full year twitter expects stockbased compensation expense of 900 million to 925 it also anticipates seeing 900 million to 950 million in capital expenditures twitter’s stock has tumbled 277 over the past three months through wednesday while the sp 500 index spx has slipped 13