Investing.com - Twitter Inc (NYSE:TWTR) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Twitter Inc announced earnings per share of $0.11 on revenue of $807.6M. Analysts polled by Investing.com anticipated EPS of $0.1 on revenue of $791.28M. That with comparison to EPS of $0.37 on revenue of $787M in the same period a year before.Twitter Inc had reported EPS of $0.25 on revenue of $1.01B in the previous quarter.Analysts are expecting EPS of $0.06 and revenue of $749.43M in the upcoming quarter.
Twitter Inc shares are down 3% from the beginning of the year and are trading at $31.09 , down-from-52-week-high.They are outperforming the S&P 500 which is down 9.4% year to date.
Twitter Inc follows other major Technology sector earnings this month
Twitter Inc's report follows an earnings beat by Microsoft on Wednesday, who reported EPS of $1.4 on revenue of $35.02B, compared to forecasts EPS of $1.29 on revenue of $33.99B.
Alphabet A had missed expectations on Tuesday with first quarter EPS of $9.87 on revenue of $41.16B, compared to forecast for EPS of $10.71 on revenue of $40.99B.
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