Article 1BWZ6 Twitter misses expectation on revenue but adds millions more users

Twitter misses expectation on revenue but adds millions more users

by
Jana Kasperkevic in New York
from on (#1BWZ6)
Story Image
  • Company reported revenue of $595m, missing expectations of $607.8m
  • First quarter saw Twitter's number of active users rise to 310 million

Twitter stock fell more than 12% in after-hours trading after the company reported revenue of $595m on Tuesday, missing expectations. Twitter was expected to report $607.8m in revenue. Meanwhile, its earnings, which were expected to be 10 cents a share, exceeded expectations coming in at 15 cents a share.

The real bright spot in Twitter's first quarter report was its user growth.

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://www.theguardian.com/technology/rss
Feed Title
Feed Link http://www.theguardian.com/
Reply 0 comments