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

Market news

23 July 2021

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

Twitter (TWTR) reported Q2 FY 2021 earnings of $0.20 per share (versus -$0.16 per share in Q2 FY 2020), beating analysts’ consensus estimate of $0.07 per share.

The company’s quarterly revenues amounted to $1.190 bln (+74.2% y/y), beating analysts’ consensus estimate of $1.062 bln.

The company also issued upside guidance for Q3 FY 2021, projecting revenues of $1.22-1.30 bln versus analysts’ consensus estimate of $1.17 bln.

TWTR rose to $73.66 (+5.88%) in pre-market trading.

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