[ad_1]
By Senad Karaahmetovic
Shares of Twitter (NYSE:) are down more than 2% after the company missed expectations for revenue for the second quarter.
The company an adjusted loss per share of 8c, down from EPS of 20c in the year-ago quarter, and worse than the analyst estimate of $0.15.
The social media company reported $1.18 billion in revenue, missing the consensus estimates of $1.32 billion. Advertising revenue stood at $1.08 billion, also below the consensus projection of $1.23 billion. Twitter reported subscription and other revenue of $100.7 million, while analysts were expecting $96.2 million.
The number of average monetizable daily active users (DAUs) stood at 237.8 million in Q2, slightly above the expected 237.5 million.
Twitter did not host an earnings conference call nor provide guidance. The company reported $33 million in costs related to its pending deal with Elon Musk.
Have you ever looked down at your carpet and wondered if there’s a budget-friendly way…
Counter-Strike 2 (CS2) has elevated the thrill of case openings, captivating both seasoned CS:GO veterans…
Trying to sell a car online should be simple, but sometimes buyers lose interest fast.…
In the hustle and bustle of modern life, finding moments of quiet solace can feel…
You have probably heard on the importance of socializing dog after getting a puppy. It…
The mortgage industry is undergoing a significant transformation, driven by the rise of automation and…