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Twitter Inc., the owner of the microblogging network of the same name, increased its net profit 2.8 times in the fourth quarter of 2018 to $255.3 million compared to $91.1 million in 2017. Earnings per share were 33 cents versus 12 cents a year earlier. The adjusted earnings reached 31 cents per share, higher than analysts predictions of 25 cents per share. Revenue exceeded forecasts - from $732 million to $909 million compared to the expected $866.7 million. Advertising brought Twitter a quarter more revenue - $791 billion in annual terms. The number of users who are active at least once a month decreased by 5% over the quarter to 321 million people. In the future, the company will stop using this indicator and switch to the number of “monthly monetized active users”. This figure increased by 9% to 126 million people. Twitter's revenue exceeded $3 billion in 2018 against $2.44 billion a year earlier. Profit was $1.2 billion against a loss of $108 million last year.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
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