Twitter Results Beat in Q1, But Softer User Growth Weighs; Shares Slump By Investing.com
By Yasin Ebrahim Twitter reported Thursday first-quarter results that beat Wall Street estimates, but user growth just missed consensus estimates taking some shine off the beat. Twitter (NYSE:TWTR) was down 9% in afterhours trading. The company posted Q1 EPS of $0.16 on revenue of $1.04 billion, beating estimates of $0.14 on revenue of $1.03 billion. Monetizable daily active users increased to 199 million from 166 million year-on-year, just short of consensus estimates of 200 million. Advertising revenue rose 32% to $899 million. The growth was driven by "accelerating year-over-year growth in MAP revenue and brand...
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