Twitter shares fell 16%

ECONOMY

Basereporter.com, July 27. Twitter shares in early trading on the new York stock exchange fell by 16.03%, to $36,06, according to the auction.

The company’s shares cheaper after the publication of data on the loss of 1 million users in the second quarter. In particular, in the second quarter the number of active users in a month was $ 335 million, compared to 336 million users in the first three months of 2018, according to the statements of the company for the second quarter.

In this case, Twitter for the third consecutive quarter records a profit, due to which the company’s shares increased from the beginning of the year by 79% (before today’s drop the stock price).

So, the company’s revenue in the second quarter increased by 24% yoy to $711 mln, and net profit in II quarter was $100 million versus $116 million loss in the same period last year.

However, the company forecast the size of the EBITDA for the third quarter was, according to the report, range from $215 to $235 million At the same time, according to Bloomberg, analysts had predicted the size of Twitter’s EBITDA in the third quarter to $268 million

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