UPDATE 3-Twitter gains users, beats estimates but ad trends alarm investors [Reuters]
Twitter, Inc. (TWTR)
Last twitter, inc. earnings: 4/30 07:00 am
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Source: Reuters
Twitter gains users, beats estimates but ad trends alarm investors OAKLAND, Calif. (Reuters) - Twitter Inc ( TWTR.N ) on Thursday reported higher first-quarter revenue and a smaller loss than analysts had expected amid the coronavirus pandemic, but its shares fell as investors fretted about potential weakness in the second quarter. The San Francisco-based social media company said daily users who can view ads also grew 24% to 166 million, about 2 million above estimates, as people looked to Twitter for information related to the virus. Twitter also said its ads sales had slightly rebounded in Asia after a plunge due to the coronavirus outbreak and it accelerated work on tools to attract advertisers, becoming the latest tech company to report a lighter blow from the pandemic than forecast. The company did not provide specific guidance on second quarter but on a conference call with analysts, Twitter’s chief financial officer Ned Segal pointed to a March 11 to March 31 time frame, whe
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