© Reuters. Twitter Inc Earnings Beat, Revenue Misses In Q1
Investing.com – Twitter Inc (NYSE:) reported on Thursday first quarter that beat analysts’ forecasts and revenue that fell short of expectations.
Twitter Inc announced earnings per share of $0.9 on revenue of $1.2B. Analysts polled by Investing.com anticipated EPS of $0.0516 on revenue of $1.23B.
Twitter Inc shares are up 11% from the beginning of the year, still down 34.20% from its 52 week high of $73.34 set on July 23, 2021. They are outperforming the S&P 500 which is down 11.55% from the start of the year.
Twitter Inc shares lost 0.78% in intra-day trade following the report.
Twitter Inc follows other major Communication Services sector earnings this month
Twitter Inc’s report follows an earnings missed by Alphabet C on Tuesday, who reported EPS of $24.62 on revenue of $68.01B, compared to forecasts EPS of $25.75 on revenue of $68.08B.
Alphabet A had missed expectations on Tuesday with first quarter EPS of $24.62 on revenue of $68.01B, compared to forecast for EPS of $25.89 on revenue of $68.08B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar