Catholic≠moral person
Twitter stock plunges on user miss and low guidance
>https://www.cnbc.com/2021/04/29/twitter-twtr-earnings-q1-2021.html
Twitter's stock was down more than 10% 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, contrasted with a loss of $8.4 million a year ago.
Twitter guided that it is expecting revenue between $980 million and $1.08 billion in the second quarter. Analysts were expecting guidance of $1.06 billion on average, according to Refinitiv.
Twitter's total number of monetizable daily users grew by 7 million from the fourth quarter to 199 million but fell shy of analysts' expectations of 200 million. The user base was up 20% compared with a year ago. The quarter marked Twitter's first period mostly without the presence of former President Donald Trump after he was removed from the service following the Jan. 6 insurrection at the U.S. Capitol.
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