NewsBreak- Twitter Slumps on Earnings, Revenue Miss 

This post was originally published on this site

https://i-invdn-com.akamaized.net/news/LYNXMPEB1401X_M.jpg
© Reuters. © Reuters.

Investing.com – Shares of Twitter (NYSE:) slumped 14% in premarket trading on Thursday after the social media company’s third-quarter results failed to meet Wall Street expectations.

  • The company reported revenue of $823.7 million, with earnings per share of $0.17, compared to expectations of EPS of $0.20 on $873.6 million according to Investing.com estimates.
  • The number of monetizable daily active users for the third quarter was 145 million, compared to 124 million in the same period a year earlier.
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

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.