Company News: Twitter’s (TWTR) Q2 results beat analysts’ expectations

Market news

27 July 2018

Company News: Twitter’s (TWTR) Q2 results beat analysts’ expectations

Twitter (TWTR) reported Q2 FY 2018 earnings of $0.17 per share (versus $0.08 in Q2 FY 2017), beating analysts' consensus estimate of $0.16.

The company's quarterly revenues amounted to $0.711 bln (+23.8% y/y), beating analysts' consensus estimate of $0.697 bln.

Twitter also said its average MAUs were 335 million for Q2, an increase of 9 million y/y and a decrease of 1 million q/q and warned about a possible decline in MAUs in the mid-single-digit millions on a sequential basis in Q3.

TWTR fell to $36.31 (-15.44%) in pre-market trading.

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