Heavy thud of Twitter on Wall Street. Investors do not forgive the disappointing quarterly and "punish" the title with a shower of sales. At 17.40 (Italian time) the shares of the popular social network dropped 12,5% to 17,15 dollars.
As noted, second-quarter accounts caused the meltdown, which posted losses of $116,5 million, or 16 cents per share, up from $107,2 million, or 15 cents per share, in the year. previous.
The company's sales fell 4,7% to $573,9 million, above analyst expectations (about $537,2 million), on higher revenue from video advertising and its data business to third parties.
Advertising revenue fell 8% to $489 million, again beating the estimate of $458,1 million. Twitter's average monthly active users remain unchanged at around 328 million in the second quarter. For the third quarter, Twitter expects an ebitda of 130-150 million dollars.
