‘Twitter Tops 250 Million Users, But Stock Tanks 10%’ – ‘Mashable’
The latest post on ‘Mashable’ is titled “Twitter Tops 250 Million Users, But Stock Tanks 10%”.
Seth Fiegerman says, “Twitter beat earnings and revenue estimates for the first quarter, but the stock plummeted to a new low in after hours trading as user numbers came in at the low end of Wall Street expectations.
Twitter reported breaking even on an earnings per share basis on revenue of $250 million for the March quarter, compared to Wall Street estimates for a net loss of $0.03 per share on revenue of $241.5 million. That represents a solid 119% increase from the $114 million in revenue Twitter posted in the same quarter a year earlier, but revenue is less of a concern for the company’s investors than user growth”.
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