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.
Twitter shares ended Thursday’s regular trading higher and continued to gain during the extended session soon after the earnings announcement.
Stocks you may like:
Shares of the Walt Disney Company (NYSE: DIS) have been rallying since the entertainment leader delivered strong results for its third quarter of 2022 a day ago. The stock was
Kohl’s Corporation (NYSE: KSS) has been on investors' radar ever since the retailer put itself up for sale earlier this year, after coming under pressure from activist investors. Putting an
Entertainment behemoth The Walt Disney Company (NYSE: DIS) on Wednesday reported higher revenues and earnings for the third quarter of 2022. The results also topped expectations. Third-quarter revenues of the Los