Twitter, industry analysts generally agree, is a company doing really cool things, but it continues to disappoint investors.
Tuesday, when Twitter reported its first-quarter results, was no exception. The company reported user growth, adding 5 million users for a total of 310 million, and posted $595 million in revenue.
Twitter’s good news was quickly overshadowed by the fact that the company didn’t meet analysts’ expectations of nearly $608 million in revenue for the quarter.
The social network also lowered revenue expectations for the second quarter, forecasting between $590 million and $610 million, which is well below Wall Street estimates of $677 million.
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Source: COMPUTER WORLD