Print Edition - 2017-04-27  |  Money Digest

Twitter reports $61.6m Q1 loss

- - AP, SAN FRANCISCO

Apr 27, 2017-

Twitter is reporting a loss of $61.6 million in its first quarter. The San Francisco company said it had a loss of 9 cents per share. Earnings, adjusted for one-time gains and costs, were 11 cents per share. The results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share. The short messaging service posted revenue of $548.3 million in the period, also exceeding Street forecasts. Nine analysts surveyed by Zacks expected $512.1 million.

Published: 27-04-2017 10:23

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