Tuesday, April 26, 2016

Twitter Loss Narrows, But Stock Plunges 10% On Revenue And Outlook Miss

Micro-blogging site Twitter Inc. (TWTR), Tuesday reported a smaller loss for the first quarter, as revenues surged 36 percent reflecting growth in its advertising business despite a mediocre user growth. Adjusted earnings for the quarter trumped Wall Street expectations, while revenues fell short of estimates.

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