Re: Twitter (TWTR)
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Twitter Slumps on User Miss, Lukewarm Forecast
Twitter TWTR posted better-than-expected first-quarter earnings and revenue but the stock fell sharply after the social media company fell short on expectations for user growth and issued a lukewarm forecast.
Twitter reported earnings of 16 cents a share, 2 cents higher than analysts' forecasts.
Revenue rose 28% in the first quarter to $1.04 billion, but lagged the growth at digital advertising rivals such as Facebook and Alphabet's GOOGL Google.
Twitter's total number of monetizable daily users grew by 7 million from the fourth quarter to 199 million, but fell shy of analysts' expectations of 200 million.
For the second quarter, Twitter said it expects revenue of between $980 million and $1.08 billion. Analysts have been calling for $1.05 billion.
Source: The Street
Twitter Slumps on User Miss, Lukewarm Forecast
Twitter TWTR posted better-than-expected first-quarter earnings and revenue but the stock fell sharply after the social media company fell short on expectations for user growth and issued a lukewarm forecast.
Twitter reported earnings of 16 cents a share, 2 cents higher than analysts' forecasts.
Revenue rose 28% in the first quarter to $1.04 billion, but lagged the growth at digital advertising rivals such as Facebook and Alphabet's GOOGL Google.
Twitter's total number of monetizable daily users grew by 7 million from the fourth quarter to 199 million, but fell shy of analysts' expectations of 200 million.
For the second quarter, Twitter said it expects revenue of between $980 million and $1.08 billion. Analysts have been calling for $1.05 billion.
Source: The Street