Company News: Twitter (TWTR) quarterly results miss analysts’ estimates

Market news

24 October 2019

Company News: Twitter (TWTR) quarterly results miss analysts’ estimates

Twitter (TWTR) reported Q3 FY 2019 earnings of $0.14 per share (versus $0.21 in Q3 FY 2018), missing analysts’ consensus estimate of $0.20.

The company’s quarterly revenues amounted to $0.824 bln (+8.7% y/y), missing analysts’ consensus estimate of $0.875 bln.

Twitter’s average monetizable daily active usage (mDAU) was 145 mln versus analysts’ consensus estimate of 142 mln and compared to 124 million in the same period of the previous year and 139 million in the previous quarter.

The company also issued downside guidance for Q4 FY 2019, projecting revenues of $940-1010 mln versus analysts’ consensus estimate of $1.05 bln

TWTR fell to $31.15 (-19.78%) in pre-market trading.

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