Twitter surprises with results but disappoint with predictions
In the first three months of the year, the San Francisco-based company made a profit of $68 million, which compares with a similar loss of $8.4 million.
Its forecasts for the second quarter are in the range between $980 million and $1.08 billion. The midpoint is below the 1.06 billion expected by analysts.
These forecasts were poorly received and the company’s shares were falling 8.9% in electronic transactions, after hours.