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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’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
