Twitter’s stock is down 11% in after-hours trading, as the company blew past analyst expectations on revenue but fell short of user growth …
Twitter’s stock is down 11% in after-hours trading, as the company blew past analyst expectations on revenue but fell short of user growth for Q3. Here are the key figures from its third-quarter financials, with expectations compiled by Yahoo Finance: Revenue: $936 million. Wall Street analysts had expected an average estimate of $777.15 million. Earnings per share: $0.04. Analysts had expected $0.06. Average monthly users: 187 million, falling short of the 195 million that analysts predicted, but up from the reported 145 million this time last year. Twitter’s bloated revenue was buoyed by increased ad revenue, which grew 15% year-over-year to $808 million despite a decline in ad spending earlier this year which the company attributed to a widespread response to civil unrest in the US.
