Actionable news
All posts from Actionable news
Actionable news in TWTR: TWITTER Inc,

Twitter Rallies Ahead Of Q1 Report

Invest with Confidence. Are you a financial professional? Stay on top of your portfolio with Benzinga Pro's real-time newsfeed and alerts and never miss a headline again.
Don't miss the chance to try it FREE today.

Twitter Inc TWTR 3.31% shares are trading higher by $0.47 (3.3 percent) at $17.56 in Tuesday's session. It will report Q1 earnings after the bell. Street estimates stand for EPS at $0.01 on revenues of $697.94 million. It should be noted the company has never missed EPS in its eights reports since becoming a public company in November.

What is has been punished for is either a revenue shortfall or less than expected growth in monthly average users.

After its last report, the issue made an all-time low ($13.91) but quickly rebounded to $20 in less than a month. It sold off hard off from that level and so far has spent the entire month of April between $15.83 and $17.98. It should be noted the upper boundary was reached earlier in today's session, after making two other attempts to clear the $18 hurdle.

Besides the report, investors will be anxiously awaiting any new developments on how the company plans to capitalize on its massive traffic.

© 2016 Benzinga does not provide investment advice. All rights reserved.