Here's Why Twitter Stock Fell 13% in April
Shares of Twitter (NYSE: TWTR) fell 13.2% in April, according to data provided by S&P Global Market Intelligence. Looking at the chart, the entirety of the drop came in the month's final day -- the day after the company provided forward guidance that disappointed investors.
On April 29, Twitter released financial results for the first quarter of 2021. And results were good. Q1 revenue was up 28% year over year as the company excelled with its ad-display business. Monetizable daily active users were up 20% from the previous year to almost 200 million. And it even generated a net profit of $68 million compared to a net loss of $8 million last year.
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Source Fool.com
