Selasa, 28 Oktober 2014

Twitter shares fall 10% on earnings report

Twitter reported quarterly earnings that met analysts' expectations on Monday.


The company posted third-quarter earnings per share of 1 cent, which matched expectations, according to a consensus estimate from Thomson Reuters.


Revenue for the quarter came in at $361 million, beating estimates of $351 million.


The tech firm's fourth quarter guidance is in the range of $440 to $450 million. Analyst estimates for that quarter averaged $448 million.


This is a breaking news article. Please check back for updates on this story.



Monthly active users (MAUs) growth is key to Twitter's Monday announcement. After the company revealed in July that it had added 16 million MAUs in the second quarter, the stock popped nearly 30 percent in after-hours trading. Still, that quarter featured the World Cup, which may have stimulated a lot of global interest in social media.


Twitter has launched a slew of new and improved products in recent months, including in-app promotions and video ads. These developments are intended to help the company win a piece of the burgeoning social advertising market currently dominated by Facebook.


Read More What investors were looking for in Twitter earnings


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