Headquartered in San Francisco, CA, Twitter Inc is a platform that connects a user to a network of people, news, ideas, opinions and information on a global scale. A user can tweet his/her take on any subject in real time, which can be retweeted by others. Tweets are limited to 140 characters.
Zacks Rank: Currently, Twitter has a Zacks Rank#3 (Hold) but that could change following its first quarter 2017 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key details from the just-released announcement below:
Earnings: Twitter reported adjusted loss per share of 5 cents that came in much narrower than the Zacks Consensus Estimate of loss of 16 cents. Twitter’s users grew from 319 million monthly average users (MAUs) at the end of the fourth quarter of 2016 to 328 million MAUs this quarter. DAUs were up 14% year over year.
Revenue: Revenues of $548.3 million beat Zacks Consensus Estimate of $512.1 million Year over year, revenues were down 7.8%.
Key Stats: In the quarter, the company reported loss from operations to the tune of $40.3 million, narrower from $59.1 million reported in the prior year quarter.
Check back later for our full write up on this TWTR earnings report later!
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Twitter's (TWTR) Q1 Loss Comes in Narrower-Than-Expected
Headquartered in San Francisco, CA, Twitter Inc is a platform that connects a user to a network of people, news, ideas, opinions and information on a global scale. A user can tweet his/her take on any subject in real time, which can be retweeted by others. Tweets are limited to 140 characters.
Zacks Rank: Currently, Twitter has a Zacks Rank#3 (Hold) but that could change following its first quarter 2017 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key details from the just-released announcement below:
Earnings: Twitter reported adjusted loss per share of 5 cents that came in much narrower than the Zacks Consensus Estimate of loss of 16 cents. Twitter’s users grew from 319 million monthly average users (MAUs) at the end of the fourth quarter of 2016 to 328 million MAUs this quarter. DAUs were up 14% year over year.
Twitter, Inc. Price and EPS Surprise
Twitter, Inc. Price and EPS Surprise | Twitter, Inc. Quote
Revenue: Revenues of $548.3 million beat Zacks Consensus Estimate of $512.1 million Year over year, revenues were down 7.8%.
Key Stats: In the quarter, the company reported loss from operations to the tune of $40.3 million, narrower from $59.1 million reported in the prior year quarter.
Check back later for our full write up on this TWTR earnings report later!
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.Click here for Zacks' private trades >>