Market Overview

Twitter Beats Q2 Sales Estimates, Daily Active Users Strong

Twitter Beats Q2 Sales Estimates, Daily Active Users Strong

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.

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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