Investing.com - Twitter Inc (NYSE:TWTR) reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Twitter Inc announced earnings per share of $-0.16 on revenue of $683.4M. Analysts polled by Investing.com anticipated EPS of $0 on revenue of $700.23M.
Twitter Inc shares are up 15% from the beginning of the year , still down 19.43% from its 52 week high of $45.85 set on September 9, 2019. They are outperforming the S&P 500 which is up 1.4% from the start of the year.
Twitter Inc follows other major Technology sector earnings this month
Twitter Inc's report follows an earnings beat by Microsoft on Wednesday, who reported EPS of $1.46 on revenue of $38.03B, compared to forecasts EPS of $1.38 on revenue of $36.43B.
Taiwan Semiconductor had beat expectations on July 15 with second quarter EPS of $0.79 on revenue of $10.55B, compared to forecast for EPS of $0.72 on revenue of $10.38B.
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