Here's what Wall Street is saying about another disappointing quarter for Twitter
REUTERS/Rebecca Cook
To recap, the social network reported stronger-than-expected adjusted earnings of $0.15 per share. But revenue missed estimates, even as they grew 36% year-on-year to $595 million.
Twitter's guidance for second-quarter revenue was also light, at a range of $590 million to $610 million versus $677.6 million expected.
Unlike previous earnings results, Twitter beat on monthly-active user growth, up 310,000 versus 305,000 in Q4 2015.
Twitter said its revenue was at the low end of its forecast because brand marketers that advertise on the social network didn't ramp up spending as quickly as it expected.
And now, a number of analysts are concerned that competitors like Facebook and Snapchat will eat Twitter's lunch.
Before the market open, the company's shares were down 14% to about $15.18.
Here's a roundup of some of the analyst commentary (all emphasis is ours):
- Average housing prices up 10% in Jan-Mar across the top eight cities
- Top visa-on-arrival picks for Indian explorers
- 451 million voters! First four phases of Lok Sabha elections witness 66.95% voter turnout so far
- Best hill stations near Delhi to escape May's heatwave
- India to surpass Japan, become world's fourth largest economy worth USD 4 trillion, in FY25: EAC-PM member