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published in Blogs
Jul 23, 2021
Twitter (TWTR, $69.59) crushes Q2 earnings expectations

Twitter (TWTR, $69.59) crushes Q2 earnings expectations

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.

Related Tickers: TWTR