Company reported revenue of $595m,missing expectations of $607.8mFirst 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, and its earnings,which were expected to be 10 cents a share, exceeded expectations at 15 cents a share.
The genuine shining spot in Twitter’s first quarter report was its user growth.
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Source: theguardian.com