Twitter Inc. (NYSE: TWTR) said on Thursday that its earnings and revenue in the fiscal third quarter came in better than expected. User growth, however, was weaker than analysts’ expectations for Q3. Twitter’s financial results come only a day after its Chief Executive Jack Dorsey testified in front of the Senate Commerce Committee. Shares of the company tanked a little under 15% in after-hours trading on Thursday. Including the price action, Twitter is now exchanging hands at £35 per share versus a year to date late of £17 per share in March. Interested in investing in the stock market online?
Full ArticleTwitter’s revenue jumps to £725.31 million in the fiscal third quarter
Invezz
0 shares
1 views
You might like
Related news coverage
Exxon’s revenue tanks 29% in Q3 due to COVID-19 disruptions
Invezz
Exxon Mobil Corp (NYSE: XOM) revealed to have swung to a loss in the fiscal third quarter on Friday. The company also said that its..
-
US stocks fall sharply as tech tanks amid rising COVID-19 rates
Proactive Investors
-
Twitter shares plunge by 20% after revealing it added fewer users than expected in the third quarter
Proactive Investors
Advertisement
More coverage
General Electric’s revenue slides 17% in the fiscal third quarter
Invezz
General Electric Co. (NYSE: GE) said on Wednesday that its revenue in the fiscal third quarter contracted less than expected. The..