Investing.com - Twitter Inc (NYSE:TWTR) reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Twitter Inc announced earnings per share of $0.38 on revenue of $1.29B. Analysts polled by Investing.com anticipated EPS of $0.2926 on revenue of $1.18B.
Twitter Inc shares are up 10% from the beginning of the year, still down 1.35% from its 52 week high of $60.72 set on February 9. They are outperforming the S&P 500 which is up 4.17% from the start of the year.
Twitter Inc shares lost 0.67% in after-hours trade following the report.
Twitter Inc follows other major Technology sector earnings this month
Twitter Inc's report follows an earnings beat by Apple on January 27, who reported EPS of $1.68 on revenue of $111.44B, compared to forecasts EPS of $1.42 on revenue of $103.27B.
Microsoft had beat expectations on January 26 with second quarter EPS of $2.03 on revenue of $43.08B, compared to forecast for EPS of $1.64 on revenue of $40.22B.
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