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.
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