Twitter Stock Jumps After Beating Q1 Earnings, Revenue Forecasts

Twitter Stock Jumps After Beating Q1 Earnings, Revenue Forecasts

First-quarter earnings per share came in at 16 cents vs. 12 cents, according to a Thomson Reuters consensus estimate.

Twitter (TWTR) reported first-quarter earnings before the market open Wednesday that topped Wall Street forecasts. Funds hold 391.71 million shares thus 9.95% more from 2017Q3's 356.28 million shares.

Twitter, known originally for its 140-character posts, said that the monthly active users increased to 336 million, up by 6 million from the prior period and slightly ahead of the predictions of analysts.

On a conference call with analysts Wednesday, Twitter CEO Jack Dorsey said he expects Twitter to be profitable, but cautioned that it was still working through a business recovery it started past year.

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The stock jumped 14% before giving up some of those gains in early trading.

Cost per engagement decreased 28 percent. Hills State Bank And Trust has 0.1% invested in Twitter, Inc.

"CTR continues to get better based on better formats like video and better relevance against a bigger audience", Segal said, pointing to MAU growth.

Heading into the earnings, those expectations were already running high.

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But rough patches remain. Daily active users increased 10%. The majority of this comes from ad sales, which were also up 21% to US$575 million.

The company said it saw a $21 million tax benefit from a USA tax overhaul carried out past year by Trump and Republican lawmakers. Twitter has been highlighting these live events by placing "happening now" modules at the top of users' timelines when they've indicated an interest in a particular team or event.

U.S. President Donald Trump has kept the San Francisco-based service in the headlines domestically, but growth has been faster overseas as Twitter has tried to grow its user base and ad business. For example, 1,300 live events were streamed to a global audience.

Twitter attributes this growth to a number of factors, including the addition of several new products like bookmarks and video timestamps. The company swung to a net profit of 8 cents per share. That's 4 cents better than what analysts polled by Zacks Investment Research expected.

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In terms of the outlook for the second quarter, the company expects to see adjusted EBITDA in the range of $245 million to $265 million with a margin to be between 37% and 38%. Analysts' estimates typically exclude special items. It also provides promoted services and products, such as promoted tweets, promoted accounts, and promoted trends, which enable its advertisers to promote their brands, products, and services. Twitter, Facebook and Google are all facing calls for potential regulation on internet companies following revelations that political-consulting firm Cambridge Analytica harvested private data from some 87 million Facebook users.