Twitter Inc Earnings, Revenue Miss in Q2
2022.07.22 15:58
Twitter Inc Earnings, Revenue Miss in Q2
Investing.com – Twitter Inc (NYSE:TWTR) reported on Friday second quarter earnings that missed analysts’ forecasts and revenue that fell short of expectations.
Twitter Inc announced earnings per share of $-0.08 on revenue of $1.18B. Analysts polled by Investing.com anticipated EPS of $0.1494 on revenue of $1.33B.
Twitter Inc shares are down 8% from the beginning of the year, still down 46.05% from its 52 week high of $73.34 set on July 23, 2021. They are outperforming the S&P 500 which is down 16.1% from the start of the year.
Twitter Inc shares lost 3.97% in pre-market trade following the report.
Twitter Inc follows other major Communication Services sector earnings this month
Twitter Inc’s report follows an earnings missed by Verizon on Friday, who reported EPS of $1.31 on revenue of $33.8B, compared to forecasts EPS of $1.33 on revenue of $33.71B.
AT&T had beat expectations on Thursday with second quarter EPS of $0.65 on revenue of $29.64B, compared to forecast for EPS of $0.6088 on revenue of $29.53B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
