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Twitter (TWTR) Tanks On Revenue Miss, Weak Guidance

Twitter (TWTR) just released its first-quarter fiscal 2016 earnings results, posting earnings of -$0.07 per share and revenue of $594.5 million.

Currently, TWTR has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report.

Twitter:                                                   

1. Beat earnings estimates. The company posted a loss of 7 cents (excluding 5 cents from non-recurring items), beating our Zacks Consensus Estimate of -$0.13.

2. Missed revenue estimates. The company saw revenue figures of $594.5 million, coming in short of our consensus estimate of $607 million.

3. Twitter commented on the advertising interest in response to its recent deal to stream 10 Thursday Night Football Games. “The demand from the marketing community has been strong, and as a result, we expect to access new online video budgets,” the company said.

4. The company said it expects second-quarter revenue between $590 million and $610 million, which is well below our current consensus estimate of $678 million.

5. TWTR was down $1.87, or 10.54%, to $15.87 as of 4:40 PM ET in after-hours trading shortly after its earnings report was released.

Here’s a graph that looks at Twitter’s recent earnings history:

 

 

Twitter is a public, real-time, global platform where any user can create a Tweet and any user can follow other users. The platform is unique in its simplicity: Tweets are limited to 140 characters of text. This constraint makes it easy for anyone to quickly create, distribute and discover content that is consistent across our platform and optimized for mobile devices.

Check back later for our full analysis onTwitter’s latestquarterly earnings report!

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