News Formal

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

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 97%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

So are you trying tosucker folks into buying it so citadel can short it?

Not interested in Your news or views ..... Citadel owned ..... nothing but corruption .... jog on fools

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

This is what major analysts are saying about Facebook's first-quarter earningsFacebook beat expectations for earnings and revenue, with results for average revenue per user coming in well above projections.
Source: CNBC - 🏆 12. / 72 Read more »

Comcast beats earnings expectations, reports Peacock sign-ups grow to 42 millionEARNINGS: Comcast beats earnings expectations for Q1. -EPS: 76 cents adj. vs. 58 cents est. -Revenue: $27.21 billion vs. $26.7 billion est.
Source: CNBC - 🏆 12. / 72 Read more »