Twitter Stock Drops Double Digits on News of No User Growth
28 July, 2017, 00:09 | Author: Paula Vaughn
It reported 328 million monthly active users, up 5% year-over-year, but in line with 328 million reported in the previous quarter. Global revenues fell 1% year over year to $239 million in the reported quarter while the USA revenues decreased 7% year over year to $335 million.
The company also reported a wider quarterly net loss and lower revenue, and said it did not expect its total revenue growth to pick up in the second half of the year.
Daily active users, toward which management has recently been trying to shift investor attention, were up 12% year over year.
Beating low expectations is, I suppose, better than the alternative but even so, revenues of $574 million do not compare well to sales of around $602 million in the same quarter a year ago. Dear Shareholders, We look forward to discussing our second quarter 2017 financial results with you at 5am PT today.
Facebook reported having 1.32 billion daily active users, up 17% from the year-ago period and slightly above estimates of 1.316 billion. Mistreatment on the platform has scared off both advertisers and potential buyers, as Salesforce ruled out a bid for Twitter in part from concerns the social platform could not handle online abuse and trolls.
"Ultimately the value we're going to drive... is serving these audiences on Twitter" that are underserved in specific categories, COO Anthony Nototold investors in the company's earnings call Thursday.
In the third quarter, Twitter said it expects adjusted earnings before interest, tax, depreciation and amortization of $130 million to $150 million. With a goal of reaching profitability, Twitter began investing heavily in video, aiming to draw a more mainstream set of users and premium advertising deals.
The company's net loss widened to $116.5m, or 16 cents per share, in the second quarter ended June 30, from $107.2m, or 15 cents per share, a year earlier.
Excluding one-time items, Twitter earned 8 cents per share, which topped analysts' consensus forecasts of a profit of 5 cents a share on $537 million in revenue.
Hamas beat out the ruling Fatah party by a landslide during the 2006 legislative elections in the occupied Palestinian territory. The EU originally listed Hamas as a terror group in 2001, a move that froze the assets of the organisation in the European Union.
The US dollar initially rose in the forex markets after the release of the FOMC statement before slipping against its major peers. Inflation has eased in the last three months, slipping further below the Fed's 2% target, even though job growth has been strong.
The latest ONS data showed that services continued to dominate GDP growth, recording a 0.5 per cent rise in output for the period. Construction and manufacturing were the largest downward pulls, following two consecutive quarters of growth, the ONS said.
Moto Z2 Force has been one of the most sough smartphone since last month when Moto Z2 Play was launched kicked off the Z2 series. Most notably, the Z2 Force takes a pretty big cut in battery capacity this time around, now only sporting a 2,730 mAh cell.
President in which we had pictures from London and details from one of those who saw him, the Imo State governor, Rochas Okorocha. However, Nigerians will continue to wonder when, or even if, their president will return, said Donnelly.
Capitol Police and the FBI on suspicion that they accessed congressional computers without permission and stole equipment. Many of his relatives, who have also worked for House members, have also been a part of that investigation.
SeaWorld San Antonio's three-month-old orca whale calf Kyara died Monday of apparent pneumonia, the theme park announced. She had also been separated from her mother, Takara, to avoid risking the spread of disease, said SeaWorld .
A spokesperson for Manafort previously confirmed to CNN that he had received a request to testify on Wednesday. It said he was likely to be questioned about a June 2016 meeting in NY with a Russian lawyer.
She added that this happened despite her agreeing to a discussion on the issue of alleged atrocities against Dalits and Muslims. Lok Sabha Speaker Sumitra Mahajan said she was "deeply hurt" over the conduct of Congress MPs.
Yeah! James Corden learns epic dance moves from Usher
Usher said he made a decision to become a vegan because of his son, a self-proclaimed vegetarian who also eats chicken. The resemblance is uncanny. "I like beef, I like chicken". "I just find it odd", the singer said.
Red Sox to play prospect Devers against Hernandez
The final knock for Seattle was a Danny Valencia double in the fourth that brought Gamel across for the second time on the night. Red Sox SS Xander Bogaerts was a late scratch from the starting lineup with what manager John Farrell called "flu-like stuff.".