Why Twitter, Inc. Stock Plummeted on Thursday. So what For its second quarter, Twitter's revenue and adjusted earnings per share were $574 million and $0.12, respectively. While Twitter's 328 million monthly active users were up 5% year over year, the key metric was flat sequentially. Now what Twitter continues to expect revenue growth headwinds. Management said in its second-quarter shareholder letter that it does not expect to see its total revenue growth rate improve in the second half of the year. Specifically, management said it expects $75 million of headwinds associated with the de-emphasis of underperforming revenue products. 10 stocks we like better than Twitter When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. That's right -- they think these 10 stocks are even better buys. The Motley Fool owns shares of and recommends Twitter.
Shares of Twitter (NYSE:TWTR) fell as much as 14.1% on Thursday, following the company’s second-quarter financial results. The stock is down about 13.1% at 11:20 a.m. EDT.
For its second quarter, Twitter’s revenue and adjusted earnings per share were $574 million and $0.12, respectively. Both metrics easily exceeded analysts’ consensus estimate for revenue of $537 million and adjusted EPS of $0.05.
Notably, however, Twitter’s revenue and earnings trends highlight a struggling business. Revenue was down 5% year over year, and the company’s GAAP loss widened 9% year over year to $116 million, driven by a $55 million charge related to its previous investment in SoundCloud.
But the worst news from the second-quarter earnings release was arguably the platform’s user metrics. While Twitter’s 328 million monthly active users were up 5% year over year, the key metric was flat sequentially….