Twitter’s Stock Tumbles On Lackluster Q2 Results, Weak Q3 Guidance

Twitter reported mixed second quarter results on Tuesday, July 26. The company’s total revenue increased 20% year-over-year to $602 million on the back of 18% growth in advertising revenue and 35% growth in its data licensing business. It posted adjusted earnings of 13 cents per share, which was 3 cents higher than the analyst consensus estimate for this quarter.

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