Company News: Twitter (TWTR) posts mixed quarterly results

Market news

30 April 2020

Company News: Twitter (TWTR) posts mixed quarterly results

Twitter (TWTR) reported Q1 FY 2020 loss of $0.01 per share (versus earnings of $0.37 per share in Q1 FY 2019), worse than analysts' consensus estimate of earnings of $0.11 per share.

The company's quarterly revenues amounted to $0.808 bln (+2.6% y/y), beating analysts' consensus estimate of $0.773 bln.

TWTR rose to $34.13 (+9.78%) in pre-market trading.

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