This post was originally published on this sitehttps://i-invdn-com.akamaized.net/news/twitter_M_1440049826.jpg
Investing.com – Twitter posted quarterly revenue of over $1 billion for the first time in the fourth quarter but its still missed analysts’ forecasts, down by over half from a year earlier
Twitter (NYSE:) announced earnings per share of $0.25 on revenue of $1.01 billion.
Analysts polled by Investing.com anticipated EPS of $0.29 on revenue of $993.4 million. That with comparison to EPS of $0.31 on revenue of $909M in the same period a year before.
“The most bullish datapoint for Twitter was the 21% year-over-year jump in monetizable daily active users,” said Investing.com analyst Jesse Cohen. “We view this as a positive sign that investments in improving the health of the platform may be paying dividends in the form of increased users and higher engagement.”
Twitter Inc (NYSE:) announced earnings per share of $0.25 on revenue of $1.01B. Analysts polled by Investing.com anticipated EPS of $0.29 on revenue of $993.4M. That with comparison to EPS of $0.31 on revenue of $909M in the same period a year before. Twitter Inc had reported EPS of $0.17 on revenue of $823.72M in the previous quarter. Analysts are expecting EPS of $0.19 and revenue of $872.92M in the upcoming quarter.
Twitter (NYSE:) shares are up 4.2% from the beginning of the year , still down 27.2% from their 52 week high of $45.85 set on September 9, 2019. They are outperforming the which is up 3.2% year to date.
Twitter Inc (NYSE:) follows other major Technology sector earnings this month
Twitter Inc’s report follows an earnings beat by Apple on January 28, who reported EPS of $4.99 on revenue of $91.82B, compared to forecasts EPS of $4.54 on revenue of $88.51B.
Microsoft had beat expectations on January 29 with second quarter EPS of $1.51 on revenue of $36.91B, compared to forecast for EPS of $1.05 on revenue of $32,512M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.