Posted on Friday, Apr 29th 2016 | Disappointing results for the tech sector continued with the announcement of Twitter’s (NYSE: TWTR) quarterly performance. The company continues to struggle to attract a higher user base and is failing to meet market’s revenue expectations.
Twitter’s Q1 revenues grew 36% over the year to $595 million, falling short of the Street’s forecast of $608 million. EPS of $0.15 was ahead of the market’s projected earnings of $0.10 per share for the quarter.
Source: One million by One million blog