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Twitter (TWTR) Crushed Expectations For Q2


Twitter (TWTR) Crushed Expectations For Q2
Twitter Inc (NYSE:
TWTR) was launched in 2006 as a short messaging service. The free-to-use service became increasingly popular in a short span of time. Quarterly tweets on the Twitter app increased from 400,000 in 2007 to more than 100 million in 2008. By 2012, Twitter users were posting nearly 350 million tweets a day. Today, it is one of the most widely used social networks in the world.
The California-based company recently announced strong financial results for the second quarter. Twitter reported earnings of 8 cents per share for the three months ended June 30, versus a loss of $1.75 per share in the comparable period of 2020. The microblogging site earned 20 cents per share on an adjusted basis, crushing analysts’ average estimate of 7 cents per share. ....

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