Twitter’s big beat in chart form
Everyone’s favorite micro-blogging social networking site, Twitter, reported second quarter earnings on Tuesday that exceeded Wall Street’s expectations. The stock, which had previously lost 40% so far this year, jumped a staggering 35% in after-hours trading.
Revenue of $312 million was far above the analyst consensus estimate of $283 million and adjusted earnings per share of 2 cents beat expectations of a 1 cent loss.
Twitter also experienced a re-acceleration of growth among its base of active users, which increased 24% from a year ago to 271 million. The number of times users viewed their Twitter timelines increased 15% to 173 billion.
Adding to the pleasure for investors, Twitter also improved its monetization, with ad revenue per 1,000 views rising to $1.60, double the 80 cents garnered a year ago.
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