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
What to expect when Darden Restaurants reports Q1 results
Darden Restaurants, Inc. (NYSE: DRI) is scheduled to release its first-quarter report on September 19, with analysts forecasting a year-over-year increase in sales and profit. The market will be keeping a
Oracle (ORCL) sees continued strong revenue growth in FY25
Oracle Corporation (NYSE: ORCL) started the new fiscal year on a high note with stronger-than-expected first-quarter results, driving the stock higher soon after the announcement. The tech giant’s earnings and
What to look for when Lennar Corporation (LEN) reports its Q3 2024 earnings results
Shares of Lennar Corporation (NYSE: LEN) were down over 1% on Tuesday. The stock has gained over 16% in the past three months. The homebuilder is scheduled to report its
