Twitter soars 15% — to best level since July — after earnings beat (TWTR)
|04/23/2019||Posted by BusinessMediaguide.Com under General World News||
- Twitter soared more than 15% after beating quarterly earnings on Tuesday morning.
- The company beat expectations for earnings and revenues despite a fall in users.
- Watch Twitter trade live.
The social-media company Twitter beat analyst expectations on Tuesday morning, sending shares up 15% and to their best level since July.
The company reported earnings $0.25 a share for the first quarter, easily beating the $0.18 that analysts surveyed by Bloomberg were expecting.
Revenue jumped 18% year-over-year to $787 million despite the number average monthly users decreasing by 6 million versus a year ago to 330 million. Research analysts praised the company’s new read more >>>