© Reuters. Twitter Inc Earnings, Revenue Miss in Q3
Investing.com – Twitter Inc (NYSE:TWTR) reported on Tuesday third quarter earnings that missed analysts’ forecasts and revenue that fell short of expectations.
Twitter Inc announced a loss per share of 67 cents on revenue of $1.28 billion. Analysts polled by Investing.com anticipated earnings per share of 17 cents on revenue of $1.29 billion.
Twitter Inc shares are up 58% from the beginning of the year, still down 23.91% from its 52 week high of $80.75 set on February 25. They are outperforming the Nasdaq 100 which is up 20.73% from the start of the year.
The company reported average daily active users of 211 million, up 13% year over year,
In Q3, the social media company saw strong contributions from our small and medium-sized business customers, with double-digit revenue growth.
Looking ahead, Twitter said it expects total revenue to be between $1.5 billion and $1.6 billion.
Following the report, Twitter’s share price gained 3.45%, climbing to $63.55.
Twitter Inc’s report follows an earnings beat by Alphabet C on Tuesday, who reported EPS of $27.99 on revenue of $65.12 billion, compared to forecasts EPS of $23.84 on revenue of $63.47 billion.
Facebook had beat expectations on Monday with third quarter EPS of $3.22 on revenue of $29.01 billion, compared to forecast for EPS of $3.19 on revenue of $29.58 billion.
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