Twitter, Inc. (NYSE:TWTR) is set to announce third quarter earning results on Thursday 29th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, TWTR to report 3Q20 income of $ 0.06 per share.
For the full year, analysts anticipate top line of $ 3324.18 million, while looking forward to loss of $ 0.86 per share bottom line.
Previous Quarter Performance
Twitter, Inc. unwinded loss for the second quarter of $ 1.39 per share, from the revenue of $ 683.44 million. The quarterly revenues contracted 17.57 percent compared with the same quarter last year. Wall street analysts are predicting, TWTR to report 2Q20 loss of $ 0.01 per share from revenue of $ 704.46 million. The top line results fell short of analysts by $ 21.02 million or 2.98 percent.
Stock Performance
Shares of Twitter, Inc. traded low $ -2.74 or -5.34 percent on Wednesday, reaching $ 48.53 with volume of 20.14 million shares. Twitter, Inc. has traded high as $ 50.00 and has cracked $ 48.25 on the downward trend
According to the previous trading day, closing price of $ 48.53, representing a 156.35 % increase from the 52 week low of $ 20.00 and a 0.47 % decrease over the 52 week high of $ 51.51.
The company has a market capital of $ 38.38 billion and is part of the Technology sector and Internet Content & Information industry.
Recent Analyst recommendations
- On 15th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 39.00 target price.
- On 12th October 2020, upgraded by Deutsche Bank to Buy from Hold rating, with $ 56.00 target price.
Conference Call
Twitter, Inc. will be hosting a conference call at 7:00 AM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.twitter.com
Twitter, Inc. operates as a platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter, a platform that allows users to consume, create, distribute, and discover content; and Periscope, a mobile application that enables user to broadcast and watch video live with others.
