Business

Twitter reports 1Q loss

Posted April 26, 2017 7:00 am

The Associated Press

SAN FRANCISCO (AP) - Twitter Inc. is reporting a loss of $61.6 million in its first quarter.

The San Francisco company said it had a loss of 9 cents per share. Earnings, adjusted for one-time gains and costs, were 11 cents per share.

The results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.

The short messaging service posted revenue of $548.3 million in the period, also exceeding Street forecasts. Nine analysts surveyed by Zacks expected $512.1 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TWTR at https://www.zacks.com/ap/TWTR

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Keywords: Twitter, Earnings Report

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