Twitter stalls, fails to add new users this quarter

Twitter stalls, fails to add new users this quarter”

There was an air of positivity in the buildup to Twitter's second quarter earnings today, with the company's share price popping in the wake of its last earnings results in April. Twitter, Inc. has a 1-year low of $14.12 and a 1-year high of $25.25. Better yet, shares have stopped logging lower major lows, and are on the cusp of a new 52-week high.

The market didn't get those compelling results - not on the one front it needed them the most. And as a result, TWTR shares are getting pounded by almost 10% in early trade. Analysts were expecting monthly active users to jump by 1 million to 329 million. The online platform recorded the first revenue decline in its history last quarter but managed to keep investors relatively calm by adding nine million users. In the most recent quarter, the company's revenue fell 5% from the same period a year earlier.

The social networking company reported $0.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.16) by $0.27.

Twitter said average monthly active users in the three months to the end of June was 328 million, the same as in the previous quarter.

Twitter, Inc. (TWTR) stock directed 6.29% toward a higher level throughout a year ago and swapped 7.22% toward a strong spot during past one month. With its user acquisition efforts rates stagnating in the last three months and the advertising revenue still declining, the company's shares are in a free fall, having dropped by ten percentage points immediately after its Q2 2017 report was made public.

In its letter to shareholders, Twitter said that it was able to boost engagement among daily users during Q2 with more push notifications, email alerts, and timeline improvements. (NYSE:TWTR) have been assigned an average recommendation of "Hold" from the forty-eight brokerages that are now covering the company, Marketbeat reports.

The premise is, as long as Twitter site continues to add users, enough bulls are confidence the revenue will materialize, and eventually drive profits. Now, current and would-be TWTR stock holders don't even have that hope to hold onto. Sure, the report wasn't disastrous. (NASDAQ:RCKY) stock price started the day at $13.65 and moved between $13.61 - 15.00 to finally close at $14.40.

Morgan Stanley analyst Brian Nowak is one of those doubters.

Like this


27 July 2017
Firefighters rescue woman trapped in auto by flash flooding in KC area
A section of southbound Interstate 35 between Interstate 635 and 18th Street Expressway was closed because flooding. Indian Creek was cresting over the road bridges at every intersection, topping 27 feet at its highest.

27 July 2017
Christopher Nolan Confirms Michael Caine's Dunkirk Cameo
Caine's voice can briefly be heard in the film as the officer that Tom Hardy's RAF pilot hears over his radio. Nolan sums up his decision to cast Caine in the flick, simply saying, "And also, it's Michael".

27 July 2017
McCain calls on both parties to work together
He also reminded senators that their responsibility was to serve as an "important check" on the powers of the president. This isn't the first time Ward has received national attention for her comments on McCain's health.

27 July 2017
From one champion to another: Sania Mirza hails 'incredible ambassador' Mithali Raj
The Ashes is the only regular Test fixture in women's cricket while other teams mainly play the shorter formats. Raj said Indian Railways played a huge role in giving support to the players through jobs.

27 July 2017
Man Booker Longlist 2017 Announced
Paul Auster, Colson Whitehead and past victor Arundhati Roy are among contenders for this year's Man Booker Prize for fiction. Now, the judges of the prize will re-read these 13 novels and shortlist six, which will be announced on 13 September.

27 July 2017
Senator John McCain to return to United States Senate
Arizona is one of 31 states that expanded Medicaid under President Barack Obama's health care law, and Republican Gov. He said both sides had erred by trying to remake health care on a purely partisan basis, and without open debate.

27 July 2017
Vatican turns off fountains so Rome can save water during drought
Italy has experienced one of its driest springs in 60 years, and it's costing the country's farmers billions of dollars.

27 July 2017
Endeavour Silver (EXK) Analysts See $0.01 EPS, Fonar (FONR) Sentiment Is 1.67
Also, insider Todd Olson Anthony bought 5,000 shares of the business's stock in a transaction that occurred on Tuesday, May 9th. Year to date is -9.17%, -6.55% over the last quarter, -8.77% for the past six months and 21.30% over the last 12 months.

27 July 2017
Professional Weightlifter Convinces Fans He's Conor McGregor in Prank
Speaking on the Big Brown Breakdown, Malignaggi admits that Mayweather will "feel it" if McGregor lands a punch . I'm not trying to put someone's dirty business.

27 July 2017
Wabash National Corporation (WNC) Shares Sold by Vanguard Group Inc
Koch Industries Inc. bought a new position in Wabash National Corporation during the first quarter worth approximately $250,000. Wabash National Corporation is a diversified industrial maker and producer of semi-trailers and liquid transportation systems.