Investing.com - Twitter Inc (NYSE:TWTR) reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Twitter Inc announced earnings per share of $0.33 on revenue of $1.57B. Analysts polled by Investing.com anticipated EPS of $0.3408 on revenue of $1.58B.
Twitter Inc shares are down 12% from the beginning of the year, still down 53.15% from its 52 week high of $80.75 set on February 25, 2021. They are under-performing the S&P 500 which is down 3.76% from the start of the year.
Twitter Inc shares gained 4.20% in pre-market trade following the report.
Twitter Inc follows other major Communication Services sector earnings this month
Twitter Inc's report follows an earnings beat by Alphabet C on February 1, who reported EPS of $30.69 on revenue of $75.33B, compared to forecasts EPS of $27.8 on revenue of $72.27B.
Meta Platforms had missed expectations on February 2 with fourth quarter EPS of $3.67 on revenue of $33.67B, compared to forecast for EPS of $3.84 on revenue of $33.37B.
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