LIVE: TWITTER EARNINGS ARE OUT, STOCK PLUNGES

Twitter’s numbers are out:

  • Revenue is $250 million versus analyst expectations of $241.47 million.
  • EPS is $0.00 versus analyst expectations of -$0.03.
  • Monthly active users was 255 million, up from 241 million the previous quarter.
  • Q2 revenue guidance $270-$280 million, versus analyst expectations of $272.94 million.

The stock is down 9% in reaction to the numbers, which is dragging it near its all-time lows.

It’s a little hard to figure what’s wrong. The numbers are pretty much in-line with expectations.

We’re guessing that monthly users were lighter than the Street wanted. Morgan Stanley, for instance, was calling for 256 million monthly active users.

Here’s a chart looking at Twitter’s users growth deceleration, via BI Intelligence:

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.