Twitter Disaster, Early Earnings Release, Stock Closes Down 18% (video)
What Investors Don't Like About Twitter's Earnings - Estimize CEO Leigh Drogen, Raymond James' Aaron Kessler and Bloomberg Intelligence's Paul Sweeney discuss Twitter's revised full-year forecast with Bloomberg's Matt Miller on "Street Smart" today.
Twitter stock (NYSE: TWTR) Closes Down 18% Today source: google.com
Twitter Reports Weak Earnings and the Stock Is Crashing - Bloomberg Business: "Twitter Inc. posted first-quarter revenue that fell short of estimates and cut its sales forecast as the company struggles to attract more users and advertisers. The stock fell 18 percent, fueled by the early release of results. Revenue is a new concern for investors, who have spent the past year criticizing slowing user growth. Sales will be $470 million to $485 million in the second quarter, Twitter said in a statement Tuesday, missing analysts’ average projection for $538.1 million. Twitter cut full-year revenue guidance to $2.17 billion to $2.27 billion, from the previous range of $2.3 billion to $2.35 billion..."
