Let's take a quick break from US economic data to look at Twitter (TWTR) earnings
Jay Soloff
Argonath Financial
Let's take a quick break from US economic data to look at Twitter (TWTR) earnings. The micro-blogging giant is an important company to follow because it provides a good litmus test of investor sentiment towards social media (especially since TWTR doesn't turn a profit). That being said, the stock soared yesterday after a very positive earnings report. TWTR generated $312 million in revenue compared to the $283 projected by analysts. More importantly, 81% of the revenue came from the essential mobile ad channel. Moreover, Twitter reported 271 million monthly average users. That's more than 266 million expected and a 24% increase from last year at this time. Yes, the company is losing money and got a big boost from the non-recurring World Cup. However, it's hard to not be optimistic about the better than expected results. (VIEW LINK)
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market maker on the floor of the CBOE, as a consultant on Wall Street, and as a senior analyst at a multi-strategy hedge fund. You can visit my website at www.argonathfinancial.com.
3 topics
Jay Soloff
Research Analyst
Argonath Financial
I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...
Expertise
No areas of expertise
Jay Soloff
Research Analyst
Argonath Financial
I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...
Expertise
No areas of expertise
Comments
Comments
Sign In or Join Free to comment
most popular
Equities
Why "buy and manage" is the better way to invest in stocks
Livewire Markets
