Investing.com – Twitter (NYSE 🙂 shares went into premar trade on Thursday, after the social media company had a negligible outlook for the first quarter.
Twitter sees a sales of between $ 715 million and $ 775 million for the current quarter compared to $ 762.4 million forecasts.
It also announced that it expects investments to be between $ 550 million and $ 600 million, well above analysts' average estimate of $ 415 million in 2019.
For Q4, Twitter posted $ 0.31
Analysts pointed out by Investing.com, Twitter expected to report a $ 0.25 per share on revenue of $ 868.24 million.
Advertising revenues amounted to $ 791 million, up 23% year-on-year.
Average monthly active user, which the company announced it would cease disclosing after the quarter, amounted to 321 million in the quarter, below expectations of 323.8 million, partly due to
Average Profitable Daily Active Users (mDAU) was 126 million compared to 115 million in the same period last year and compared with 124 million in the previous quarter.
Following the release of the report, the shares in Twitter sank 7% in prime trading to $ 31.70.
Twitter Inc follows other major technological sector revenue this month
On January 24, Intel reported fourth quarter EPS of $ 1.28 on revenue of $ 18.66B compared to EPS forecasts of $ 1.22 on revenue of $ 19.01B.
SAP ADR results missed analyst expectations January 29, with fourth quarter EPS of $ 1.72 on revenue of $ 8.49B. Investing.com analysts expected EPS $ 1.78 on revenue of $ 8.24B
Keep up to date with all upcoming earnings reports by going to Investing.com's revenue calendar
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