© Reuters. Twitter Inc Earnings, Revenue Beat in Q3
Investing.com – Twitter Inc (NYSE:) reported on Thursday third quarter that beat analysts’ forecasts and revenue that topped expectations.
Twitter Inc announced earnings per share of $0.19 on revenue of $936M. Analysts polled by Investing.com anticipated EPS of $0.06 on revenue of $768.73M.
Twitter Inc shares are up 63% from the beginning of the year, still down 0.96% from its 52 week high of $52.93 set on October 29. They are outperforming the which is up 2.43% from the start of the year.
Twitter Inc shares lost 7.55% in after-hours trade following the report.
Twitter Inc follows other major Technology sector earnings this month
Twitter Inc’s report follows an earnings beat by Microsoft on Tuesday, who reported EPS of $1.82 on revenue of $37.15B, compared to forecasts EPS of $1.54 on revenue of $35.76B.
Alphabet C had beat expectations on Thursday with third quarter EPS of $16.4 on revenue of $46.17B, compared to forecast for EPS of $11.3 on revenue of $42.76B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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