TWITTER SHARES EXPLODE AFTER EARNINGS
Advertisement
Twitter shares are up a mind-boggling 25% in the wake of its earnings announcement.
Advertisement
The company's Q2 financial results beat expectations across the board. Revenue surged to $312 million, beating expectations for $283.9 million. Monthly active users jumped to 271 million, beating expectations for 267 million.
And amid all this, the company squeezed out an adjusted profit of $0.02 per share. Analysts were looking for a $0.01 loss.
Advertisement
Advertisement
- US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
- 2 states where home prices are falling because there are too many houses and not enough buyers
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- 9 health benefits of drinking sugarcane juice in summer
- 10 benefits of incorporating almond oil into your daily diet
- From heart health to detoxification: 10 reasons to eat beetroot
- Why did a NASA spacecraft suddenly start talking gibberish after more than 45 years of operation? What fixed it?
- ICICI Bank shares climb nearly 5% after Q4 earnings; mcap soars by ₹36,555.4 crore