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Twitter Slumps as Analysts Pan Growth Numbers


Original:
Twitter  (
TWTR) - Get Report shares sank on Friday after the social media platform posted first-quarter results that beat analysts’ forecasts but also slower user growth than some of its competitors.
Twitter reported earnings of $68 million, or 16 cents a share, above the 14 cents a share for the quarter that analysts polled by FactSet had been expecting. Revenue totaled $1.04 billion, up 28% and above analysts’ forecasts of $1 billion.
What left analysts “less enthused” was Twitters user growth rate, which grew by 7 million from the fourth quarter to 199 million but still fell shy of forecasts.
Twitter’s overall more-moderate sales and earnings growth relative to competitors like Facebook  ( ....

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