Twitter: shares surge over 7% after solid results
(CercleFinance.com) - Twitter continued to deliver "solid" results in the second quarter, as its revenue rose by 18% driven by strong business in the US.
The microblogging service said second-quarter adjusted net income was 37 million dollars, from 58 million dollars in the same period last year.
Revenue totaled 841 million dollars, up 18% year-on-year, or up 20% on a constant currency basis. Advertising revenue totaled 727 million dollars, up 21% year-on-year.
Twitter said in a statement that it has 139 million monetizable daily active users (mDAUs) in the quarter, compared to 122 million in the same period last year and 134 million in the previous quarter.
Twitter shares rose by 7.4% in early-morning trading on Wall Street as its revenue forecast for the third quarter (815 million to 875 million dollars) largely beat analysts' expectations (809 million dollars).
As at close yesterday, Twitter shares were already up 33% year-to-date.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The microblogging service said second-quarter adjusted net income was 37 million dollars, from 58 million dollars in the same period last year.
Revenue totaled 841 million dollars, up 18% year-on-year, or up 20% on a constant currency basis. Advertising revenue totaled 727 million dollars, up 21% year-on-year.
Twitter said in a statement that it has 139 million monetizable daily active users (mDAUs) in the quarter, compared to 122 million in the same period last year and 134 million in the previous quarter.
Twitter shares rose by 7.4% in early-morning trading on Wall Street as its revenue forecast for the third quarter (815 million to 875 million dollars) largely beat analysts' expectations (809 million dollars).
As at close yesterday, Twitter shares were already up 33% year-to-date.
Copyright (c) 2019 CercleFinance.com. All rights reserved.