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Twitter profit and revenue in the first quarter exceeded forecasts

26.04.2018 09:00:09

The American company Twitter, which owns the same-name microblogging network, recorded a net profit of $61 million in the first quarter against a loss of $62 million over the same period last year. Adjusted earnings per share were 16 cents, and the analysts had forecast 11 cents per share. Quarterly revenue rose to $665 million from $548 million a year earlier. Analysts had expected the figure at $608 million. At the end of March, the average number of active Twitter users increased by 6 million, compared to the previous quarter, to 336 million. Experts had predicted an increase in the number of users by 4 million.

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