Categories AlphaGraphs, Earnings, Trending Stocks
TWTR Earnings: Twitter swings to profit in Q2 as revenues surge 74%; results beat
Microblogging platform Twitter, Inc. (NYSE: TWTR) Thursday reported a profit for the second quarter of fiscal 2021, compared to a loss last year. Both earnings and revenue came in above the market’s expectations.
At $1.19 billion, second-quarter revenues were up 74% from last year and above experts’ consensus forecast.
Supported by the positive top-line performance, the company turned to a profit of $0.20 per share in the most recent quarter — on an adjusted basis — from a loss of $1.58 per share in the year-ago quarter. Wall Street had predicted a smaller bottom line number. Net income was $65.6 million or $0.08 per share, compared to a loss of $1.38 billion or $1.75 per share in the second quarter of 2020.
Read management/analysts’ comments on Twitter’s Q2 results
Twitter shares ended Thursday’s regular trading higher and continued to gain during the extended session soon after the earnings announcement.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
QCOM Earnings: Qualcomm Q2 2024 revenue and profit beat Street view
Semiconductor company Qualcomm, Inc. (NASDAQ: QCOM) reported an increase in earnings and revenues for the second quarter of 2024. The numbers came in above analysts' estimates. At $9.39 billion, March-quarter
Key takeaways from Amazon’s Q1 2024 earnings report
Amazon.com Inc. (NASDAQ: AMZN) had an upbeat start to fiscal 2024, delivering strong growth across the business in the first three months of the year. While the cloud segment continues
Key takeaways from Pfizer’s (PFE) Q1 2024 earnings report
Shares of Pfizer Inc. (NYSE: PFE) gained over 5% on Wednesday following the company’s announcement of its first quarter 2024 earnings results. Although the top and bottom line numbers decreased
