Investing.com - Twitter Inc (NYSE:TWTR) reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Twitter Inc announced earnings per share of $0.33 on revenue of $1.57B. Analysts polled by Investing.com anticipated EPS of $0.3408 on revenue of $1.58B.
Twitter Inc shares are down 12% from the beginning of the year and are trading at $39.42 , down-from-52-week-high.They are under-performing the S&P 500 which is down 3.76% from the start of the year.
Twitter Inc shares gained 4.20% in pre-market trade the report.
Twitter Inc follows other major Communication Services sector earnings this month
Twitter Inc's report follows an earnings beat by Alphabet C on Tuesday, February 1, 2022, who reported EPS of $30.69 on revenue of $75.33B, compared to forecasts EPS of $27.8 on revenue of $72.27B.
Meta Platforms had missed expectations on Wednesday, February 2, 2022 with fourth quarter EPS of $3.67 on revenue of $33.67B, compared to forecast for EPS of $3.84 on revenue of $33.37B.
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