Investing.com - Twitter Inc (NYSE:TWTR) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Twitter Inc announced earnings per share of $0.08 on revenue of $1.19B. Analysts polled by Investing.com anticipated EPS of $0.072 on revenue of $1.06B.
Twitter Inc shares are up 28% from the beginning of the year and are trading at $76.56 , down-from-52-week-high.They are outperforming the S&P 500 which is up 16.29% from the start of the year.
Twitter Inc shares gained 10.08% in after-hours trade the report.
Twitter Inc follows other major Communication Services sector earnings this month
Twitter Inc's report follows an earnings beat by Verizon on Wednesday, who reported EPS of $1.37 on revenue of $33.8B, compared to forecasts EPS of $1.3 on revenue of $32.71B.
LiveXLive Media had missed expectations on Monday, June 28, 2021 with first quarter EPS of $-0.2 on revenue of $21.04M, compared to forecast for EPS of $-0.0983 on revenue of $20.13M.
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