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Thursday, July 27, 2017
Twitter slides ahead of earnings TWTR
Twitter slides ahead of earnings TWTR Twitter slides ahead of earnings (TWTR) Shares closed Wednesday's session down 2.25% as traders positioned themselves ahead of the company's earnings report, which is set to be released before Thursday's opening bell. Analysts are expecting a loss of $0.16 per share on revenue of $537.22 million, according to data from Bloomberg. The company has a long history of beating analysts' estimates. Last quarter, Twitter crushed EPS estimates, coming in at $0.11 per share compared to the Wall Street estimate of $0.011. Twitter has exceeded earnings estimates for the last 10 quarters by an average of 146.48%, Bloomberg data shows.
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