Company News: Twitter (TWTR) reports bigger-than-forecast quarterly loss

Market news

23 July 2020

Company News: Twitter (TWTR) reports bigger-than-forecast quarterly loss

Twitter (TWTR) reported Q2 FY 2020 loss of $0.16 per share (versus earnings of $0.05 per share in Q2 FY 2019), worse than analysts’ consensus estimate of -$0.01 per share.

The company’s quarterly revenues amounted to $0.683 bln (-18.8% y/y), missing analysts’ consensus estimate of $0.708 bln.

Twitter’s average monetizable daily active users (mDAU) were 186 mln for Q2, compared to 139 mln in the same period of the previous year and compared to 166 mln in the previous quarter.

TWTR rose to $38.93 (+5.39%) in pre-market trading.

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