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

Market news

6 February 2020

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

Twitter (TWTR) reported Q4 FY 2019 earnings of $0.15 per share (versus $0.31 per share in Q4 FY 2018), missing analysts' consensus estimate of $0.17 per share.

The company's quarterly revenues amounted to $1.007 bln (+10.8% y/y), beating analysts' consensus estimate of $0.995 bln.

The company also issued in-line guidance for Q1 FY 2020, projecting revenues of $825-885 mln versus analysts' consensus estimate of $872.36 mln.

TWTR rose to $36.23 (+8.51%) in pre-market trading.

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