Investing.com - Twitter Inc (NYSE:TWTR) reported on Friday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Twitter Inc announced earnings per share of $-0.08 on revenue of $1.18B. Analysts polled by Investing.com anticipated EPS of $0.1494 on revenue of $1.33B.
Twitter Inc shares are down 8% from the beginning of the year and are trading at $38.38 , down-from-52-week-high.They are outperforming the S&P 500 which is down 16.1% from the start of the year.
Twitter Inc shares lost 3.01% in pre-market trade the report.
Twitter Inc follows other major Communication Services sector earnings this month
Twitter Inc's report follows an earnings missed by Verizon on Friday, who reported EPS of $1.31 on revenue of $33.8B, compared to forecasts EPS of $1.33 on revenue of $33.71B.
AT&T had beat expectations on Thursday with second quarter EPS of $0.65 on revenue of $29.64B, compared to forecast for EPS of $0.6088 on revenue of $29.53B.
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