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

Market news

10 February 2021

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

Twitter (TWTR) reported Q4 FY 2020 earnings of $0.38 per share (versus $0.15 per share in Q4 FY 2019), beating analysts’ consensus estimate of $0.31 per share.

The company’s quarterly revenues amounted to $1.290 bln (+28.1% y/y), beating analysts’ consensus estimate of $1.188 bln.

The company also issued in-line guidance for Q1 FY 2021, projecting revenues of $0.94-1.04 bln versus analysts’ consensus estimate of $0.965 bln.

TWTR rose to $62.70 (+4.73%) in pre-market trading.

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