Twitter Could Miss Second Quarter Expectations

expectations twitter earnings release people
Gulf
  • Date: 07/19/2021
  • Source: Yahoo News
  • Sector: Technology
  • Country: Gulf

Twitter Could Miss Second Quarter Expectations

Twitter Inc. (TWTR) reports Q2 2021 earnings after Thursday's closing bell, with analysts looking for a profit of just $0.07 per-share on $1.06 billion in revenue. If met, earnings-per-share (EPS) will mark a turnaround from the $0.16 loss posted in the same quarter last year, which included the exit from the first pandemic lockdown The stock fell nearly 10% in April after reporting weaker-than-expected Q1 user growth and providing weak Q2 revenue guidance. Betting on Twitter Blue The social media outlet hopes the Twitter Blue subscription service will improve its tepid bottom line in coming quarters. It rolled out the premium program in Australia and Canada in June but there's no U.S. release date. According to the press release "we've heard from the people that use Twitter a lot, and we mean a lot, that we don't always build power features that meet their needs. Well, that's about to change. We took this feedback to heart, and are developing and iterating upon a solution that will give the people who use Twitter the most what they are looking for."