Twitter shares climbed in after-hours trading Thursday, following better-than-expected second-quarter results.
The social media behemoth’s adjusted diluted earnings came in at 35 cents a share, handily beating analysts’ expectations of 7 cents. Net income was 8 cents a share, bouncing back from loss of - $1.75 per share a year ago.
Revenue increased +74% from the year-ago quarter to $1.19 billion compared to analyst consensus of $1.07 billion.
The platform’s average monetizable daily active users in the second quarter was 206 million - up +11% year-over-year and +3% quarter-over-quarter.
For the third quarter, Twitter is expecting revenue to range between $1.22 billion and $1.3 billion . It projects GAAP operating income between a loss of -$50 million and break even.
For the full year, the company expects stock-based compensation expense of about $600 million and capital expenditures between $900 million and $950 million.