Loop Capital analyst Blake Harper believes the additional layoffs at Twitter, as reported last night by Bloomberg, suggest the company is not in a position to beat the current consensus estimates for its Q3 results or Q4 outlook. Twitter is also not in position to announce a sale of the company, Harper tells investors in a research note ahead of the company's earnings report on Thursday. He believes Twitter could have allowed a potential acquirer to make the necessary cuts once the deal closed if that was the case. The analyst keeps a Hold rating on the shares. Twitter is trading down 4% to $17.37 in early trading.