Tuesday, April 28, 2015

Twitter reports lower-than-expected quarterly revenue

- Micro-blogging website operator Twitter Inc (TWTR.N) reported quarterly revenue below Wall Street expectations, hurt by weak monthly user growth. Twitter, which allows users to broadcast 140-character messages, said revenue rose to $436 million in the first quarter from $250.5 million a year earlier.The company's net loss widened to $162.4 million, or 25 cents per share, in the quarter ended March 31 from $132.4 million, or 23 cents per share.Excluding items, the company earned 7 cents per share.Analysts on average had expected Twitter to earn 4 cents per share on revenue of $456.8 million, according to Thomson I/B/E/S. (Reporting by Devika Krishna Kumar in Bengaluru; Editing by Sriraj Kalluvila)

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