Company News: Twitter (TWTR) quarterly earnings miss analysts’ estimate

Market news

26 July 2019

Company News: Twitter (TWTR) quarterly earnings miss analysts’ estimate

Twitter (TWTR) reported Q2 FY 2019 earnings of $0.05 per share (versus $0.17 in Q2 FY 2018), missing analysts’ consensus estimate of $0.19.

The company’s quarterly revenues amounted to $0.841 bln (+18.4% y/y), beating analysts’ consensus estimate of $0.828 bln.

Twitter also reported 139 million monetizable daily users (mDAU) (versus estimate of 137 mln), compared to 122 mln in the same period of the previous year and 134 mln in the previous quarter.

TWTR rose to $40.34 (+5.82%) in pre-market trading.

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