Twitter’s stock was down more than 11% in after-hours trading on Thursday after the company released its first-quarter earnings, missing on user growth expectations and providing lower revenue guidance for the second quarter than expected.
Here’s what Twitter reported versus Wall Street’s estimates:
- Earnings: 16 cents per share, adjusted, vs. 14 cents forecast by Refinitiv
- Revenue: $1.04 billion vs. $1.03 billion forecast by Refinitiv
- Monetizable daily active users (mDAUs): 199 million vs. 200 million expected forecast by FactSet
The company reported revenue of $1.04 billion for the quarter, which was up 28% from $808 million a year prior. Twitter also reported a profit of $68 million,…