Tuesday, July 29, 2014

Twitter Shares Soar on a Surprise Profit and Strong User Growth

Costolo

Twitter bounced back from a rough start to 2014 with a second-quarter earnings report that showed a surprise profit and user growth that beat expectations


Second-quarter earnings of $312 million in revenues and a profit of $0.02 per share beat analysts' expectations, which forecast revenue of $283 million and a loss of $0.01 per share



Most companies would be pleased with an unexpected profit, but growth in monthly active users, which hit 271 million, proved to be the real headline. Investors had grown cautious that Twitter's slowing growth limited the company's future upside, but the 24% year-over-year rise in users has put the company back in Wall Street's good graces Read more...


More about Twitter, Social Media, Earnings, Business, and Media



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