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2016-10-27

Twitter $TWTR Q3 2016 Results, LIVE Webcast Oct 27 8am EDT

1-year chart of Twitter Inc. (NYSE: TWTR)
Twitter Inc.
Twitter is a U.S.-based online social networking service that enables users to send and read short messages called "tweets". Registered users can read and post tweets, but those who are unregistered can only read them. Twitter's headquarters is in San Francisco, CA.  CEO is co-founder Jack Dorsey.
Stock exchange: symbol | NYSE: TWTR
Principal domain: twitter.com
Investor Relations: investor.twitterinc.com
Twitter, Inc. will release financial results for the third quarter of 2016 at approximately 7:00 a.m. EDT, on Thursday, October 27, 2016, before market open. On the same day, Twitter will host a conference call to discuss these financial results at 8:00 a.m. EDT. To have your questions considered during Q&A, Tweet your question to @TwitterIR using #TWTR.

 LIVE audio webcast--Oct 27, 2016, 5:00 AM PT / 8:00 AM ET--Listen to webcast replay.

Twitter has used, and intends to continue to use, its Investor Relations website and the Twitter accounts of @jack, @twitter and @TwitterIR as means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.

Q3 2016 Earnings: Q3 revenue totaled $616 million, an increase of 8% year-over-year, and. Q3 GAAP diluted EPS of ($0.15) and non-GAAP diluted EPS of $0.13, beat analysts consensus estimates. Stock was up in pre-market trading. A 9% (approximately) global workforce reduction was announced, which includes a regrouping of sales, partnership and marketing initiatives. The strategy announced by CEO Jack Dorsey is consistent with a company forging an independent path to profitability, with acquisition hopes now off the table:
 "Our strategy is directly driving growth in audience and engagement, with an acceleration in year-over-year growth for daily active usage, Tweet impressions, and time spent for the second consecutive quarter. We see a significant opportunity to increase growth as we continue to improve the core service. We have a clear plan, and we're making the necessary changes to ensure Twitter is positioned for long-term growth. The key drivers of future revenue growth are trending positive, and we remain confident in Twitter's future."--CEO Jack Dorsey