Twitter stock sinks as revenue, earnings beat but user numbers miss expectations

📆 4/29/2021 11:46 PM
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Twitter reported increased quarterly revenue on the strength of ad sales, but user numbers fell short of expectations. $TWTR said its average monetizable daily active users increased 20% year over year to 199 million, but analysts had expected 200 million.

Twitter Inc. on Thursday reported increased quarterly revenue on the strength of ad sales, but its user numbers fell short of expectations.

Twitter TWTR, -0.93% shares fell as much as 8.5% after hours, after a 0.9% drop in the regular session to close at $65.09. Analysts surveyed by FactSet had forecast adjusted earnings of 14 cents a share on revenue of $1.03 billion.

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