Company News: Twitter (TWTR) quarterly results beat analysts’ forecasts

Market news

23 April 2019

Company News: Twitter (TWTR) quarterly results beat analysts’ forecasts

Twitter (TWTR) reported Q1 FY 2019 earnings of $0.37 per share (versus $0.16 in Q1 FY 2018), beating analysts’ consensus of $0.15.

The company’s quarterly revenues amounted to $0.787 bln (+18.3% y/y), beating analysts’ consensus estimate of $0.775 bln.

The company also issued in-line guidance for Q2, projecting Q2 revenues of $0.770-0.830 bln versus analysts’ consensus estimate of $0.818 bln.

TWTR rose to $36.78 (+6.95%) in pre-market trading.

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