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

Market news

30 October 2020

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

Twitter (TWTR) reported Q3 FY 2020 earnings of $0.19 per share (versus $0.17 per share in Q3 FY 2019), beating analysts’ consensus estimate of $0.05 per share.

The company’s quarterly revenues amounted to $0.936 bln (+13.7% y/y), beating analysts’ consensus estimate of $0.773 bln.

Twitter’s average mDAU was 187 mln for Q3 FY 2020 compared to 145 mln in the same period of the previous year and compared to 186 mln in the previous quarter, falling shy of analysts’ expectations of 195 mln.

TWTR fell to $44.44 (-15.24%) in pre-market trading.

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