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Twitter Inc (NYSE:TWTR) reported adjusted second-quarter earnings of 20 cents per share, which beat the analyst consensus estimate of 19 cents.
The company reported quarterly sales of $841.381 million, which beat the analyst consensus estimate of $829.29 million by 1.46%. This is a 18.41% increase over sales of $710.541 million the same period last year.
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Twitter sees third quarter sales of $815 million-$875 million versus as $869.3 million estimate.
In the second quarter, Twitter said "average monetized daily active users" stood at 139 million versus a 136.3 million estimate and 122 million in the same quarter last year.
Twitter shares were trading up 7% at $40.80 in Friday’s pre-market session. The stock has a 52-week high of $44.39 and a 52-week low of $26.19.
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Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.