Twitter beat monthly active user projections, hitting 336 million at a growth rate of 6 percent year over year. Excluding one-time items, Twitter said it earned 16 cents a share, to top the estimates of analysts, who had forecast the company to earn 12 cents a share on $606.9 million in total sales. Revenues rose 21 percent year-on-year to United States dollars 665 million, with the company saying sales increased across all products and geographies.
Wall Street analysts had expected Twitter to finish its first quarter with 334 million monthly active users.
"The first quarter was a breath of fresh air for investors that have patiently awaited this turnaround story to manifest after years of pain and it looks like the Twitter growth train is back on track delivering two very strong consecutive quarters", wrote Daniel Ives, head of technology research at GBH Insights.
Twitter's average daily active usage or DAU for the quarter grew 10 percent year-over-year, marking another quarter of double-digit growth. (NYSE:TWTR)'s quarterly earnings on April, 25 before the open., as reported by RTT.
It was the company's second straight profitable quarter. Net income attributable to Facebook shareholders rose to $4.99 billion, or $1.69 per share, from $3.06 billion, or $1.04 per share, a year earlier. Assetmark invested 0% in Twitter, Inc. However, Twitter's 80-day moving average has emerged as a floor over this same time frame, and is located right at the stock's intraday low and a 38.2% Fibonacci retracement of its rally from late October to its almost two-year high of $38.80.
While there have been few signs that users have abandoned social media, companies like Twitter and Facebook face the prospect of costs rising as lawmakers seek new regulations to avoid abuse and misuse of their sites. Internationally, MAUs grew to 267 million users from 262 million.
She said eMarketer has increased its revenue estimates for Twitter "because we are seeing strong performance in its non-US mobile ad business, as well as better performance for direct response and video advertising".
Looking ahead, Twitter expects to achieve an adjusted EBITDA of between $245m and $265m at a margin between 37 and 38 per cent for Q2 2018.
This self-examination has prompted new products and services. It attributed the rise to a modest increase in users, more advertising options, and better execution of its sales strategy. Last month, Dorsey asked the public to propose solutions to make the social network a nicer place by measuring "collective health, openness and civility of public conversation".
He said the policy's call for a report every six months "indicates there'll be a reassessment" from time to time. The ban's challengers nearly certainly need one of those two justices if the court is to strike down the ban.
The royal trio were greeted by press and fans alike as they eagerly awaited Kate Middleton and the debut of her third child . Prince William , who drove himself in a Range Rover to the London hospital, first got Prince George out of the vehicle .
As a congressman, Mulvaney was one of the CFPB's fiercest critics and co-sponsored legislation to eliminate the bureau. "Banks and payday lenders already have armies of lobbyists on their sides and they don't need one more ".
Pelicans All-Star Anthony Davis says winning a series is "amazing" after being viewed as a longshot just to make the playoffs. And they came in with a great defensive game plan, they threw something at us that we hadn't seen and it worked out for them.
Amazon on Wednesday launched the Echo Dot Kids Edition that comes with a free two-year subscription to FreeTime Unlimited. The Echo Dot will now be available at a price of Rs. 3,499 as against the current price of Rs. 4,999.
The Labour leader says it is time Home Secretary Amber Rudd "took responsibility and resigned" over the Windrush scandal. After uproar from MPs, she said that people "up and down this country" want action taken against illegal immigrants.
Battle for Varuna assembly constituency in Mysuru was projected as a fight between the sons of former and current chief ministers. Vijayendra, Yeddyurappa's second son, was projected as the candidate, despite the party not announcing any candidate.
From there, it is expected to go to the Supreme Court.A federal judge in Maryland has ruled in the administration's favour. The ruling would require the Department of Homeland Security (DHS) to accept applications from first-time applicants.
In Games 2 and 4, LeBron James was able to do just enough to sneak out a victory, scoring 46 and 32 points, respectively. Cavaliers point guard George Hill is questionable for Wednesday's crucial Game 5 against IN because of back spasms.
Point guard Eric Bledsoe goes a step further, though. "It's win or go home, so I mean you can't leave nothing on the line". The energy he brings and the plays he makes with pure hustle are massive for this team, but it is so much more.