Thursday, October 24, 2019

Twitter Q3 Profit Misses Estimates; Shares Plunge Nearly 20%

Twitter, Inc. (TWTR) reported third-quarter non-GAAP net income per share of $0.17 compared to $0.21, a year ago. On average, 25 analysts polled by Thomson Reuters expected the company to report profit per share of $0.20, for the quarter. Analysts' estimates typically exclude special items. Adjusted net income per share was $0.05 compared to $0.14, prior year. Shares of Twitter, Inc. were down more than 20 percent in pre-market trade on Thursday.

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