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Money Twitter misses earnings expectations - Twitter share slumps before the trading session

13:05  30 october  2020
13:05  30 october  2020 Source:   finanzen.net

Players to watch as PSL season kicks off with MTN8

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Shares of Twitter fell to .23 in after-market trading . The San Francisco-based social media company said it had 187 million monetizable daily active users (mDAU) during the third quarter, missing consensus analyst expectations of 195.2 million users, according to IBES data from Refinitiv.

Shares of Twitter declined to .95 in after-market trading . The San Francisco-based social media company said it had 187 million monetizable daily active users (mDAU) during the third quarter, missing consensus analyst expectations of 195.2 million users, according to IBES data from Refinitiv.

Twitter reported EPS and sales figures for the past quarter. This is how business went.

Peter Bischoff/Getty Images © Provided by Finances.net Peter Bischoff / Getty Images

Twitter only gained one million new users in the past quarter, despite the great attention it received from the US election campaign, and thus seriously disappointed investors.

analysts had expected nine million additional users in view of the choice and resumption of games in US sports leagues. For some time now, Twitter has only cited the number of users that the service can reach with its advertising on a daily basis. It rose from 186 to 187 million within three months. In the home market of the USA, the value stagnated at 36 million.

Meanwhile, Twitter increased sales by 14 percent year-on-year to $ 936 million. The profit fell in the third quarter by a good fifth to around 28.7 million dollars.

On the NASDAQ, the Twitter share temporarily fell by 14.82 percent to 44.53 US dollars before the market. Finanzen.net / dpa-AFX

Peers will be told to reveal pay from Russia or China .
For the first time members of the House of Lords will have to declare any payments they receive from foreign governments or firms controlled by overseas states. Pictured: Putin and Xi Jinping.For the first time members of the House of Lords will have to declare any payments they receive from foreign governments or firms controlled by overseas states.

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