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

Market news

30 April 2021

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

Twitter (TWTR) reported Q1 FY 2021 earnings of $0.16 per share (versus -$0.01 per share in Q1 FY 2020), beating analysts’ consensus estimate of $0.14 per share.

The company’s quarterly revenues amounted to $1.036 bln (+28.3% y/y), roughly in line with analysts’ consensus estimate of $1.026 bln.

The company also issued in-line guidance for Q2 FY 2021, projecting revenues of $0.98-1.08 bln versus analysts’ consensus estimate of $1.06 bln.

TWTR fell to $57.15 (-12.20%) in pre-market trading.

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