Twitter Reports Weak Earnings As Its Stock Continues To Crash

Twitter Reports Weak Earnings As Its Stock Continues To Crash

Twitter Inc has just posted its first quarter revenue and they are not that good.

 

Twitter Inc fell short of its earlier estimates and its sales forecast were also cut as the company continues to struggle in their pursuit of attracting more advertisers and users.

 

The early release of the results so Twitter’s stock falling by 18%.

 

Bloomberg is reporting that revenue has become a big issue for investors, who have spent most of the past few years criticizing the slow pace of user growth. In a statement that was issued out by Twitter on Tuesday, sales for its second quarter are expected to be between $470 million and $485million missing earlier projections sales of $538.1 million which had been set by analysts’.

 

The full-year revenue guidance was cut by Twitter from its initial range of $2.3 billion to $2.35 billion, to now $2.17 billion to $2.27 billion.

 

Victor Anthony, an analyst at Axiom Capital Management which has a buy rating on Twitter, said that, “It calls into question why they didn’t see this coming.”

 

Twitter has been under fire of late from investors who want the company to come up with new features which will increase their users as well as their revenues.

 

According to Brian Wieser, an analyst at Pivotal Research Group, “When you’re communicating with investors there’s some expectation that you’ll actually deliver.”

 

Wieser, who has a holding rate on Twitter’s stock, added that, “The message needs to be matched by numbers, or Twitter’s credibility starts to become an issue.”

 

 

What's New?The latest

Amber Heard donates $7 million settlement to charity

Amber Heard donates $7 million settlement to charity

Amber Heard’s divorce ordeal might have been painful for Johnny Depp and Amber but it was the complete opposite for two charity organizations that will receive the settlement money. The two organizations that she is sending the donations to are the American Civil Liberties Union, to aid in the…

CONTINUE READING

Are there pitfalls to online banking?

Are there pitfalls to online banking?

With easy access to the internet, anyone can have access to a multitude of things – we can get quick advice or more information of things, buy and sell things online, limitless choice of entertainment and even banking services, all at the tip of your fingers! It is all cyberspace, after all,…

CONTINUE READING

How to become a millionaire?

How to become a millionaire?

We all want to be rich some of us do not aspire to be a millionaire, but simply rich enough so they can live comfortably. And on the other hand you have those whose only goal in life is to become a millionaire, which is okay in case you don’t have any other dreams or aspirations. So if you…

CONTINUE READING