Twitter Earnings: What to Watch
Of the many tech companies reporting earnings this week, Twitter (NYSE: TWTR) will be one of the most interesting to watch. The company said in a timely update on its business in mid-March that it saw a boost in active users on its social network as consumers staying at home flocked to the platform to discuss COVID-19. But management also said advertising revenue took a hit. When Twitter reports its first-quarter results on Thursday, investors will be looking for an update on how these trends continued to unfold during Q1 -- and how they're panning out so far in Q2.
Putting pressure on Twitter when the company reports results, shares have recently rebounded sharply from the coronavirus market crash. The stock is up 36% since March 18. It's worth noting, however, that the stock is still down 6% year to date.
Here's a quick overview of some of the key items investors may want to check on when Twitter reports its first-quarter results this week.
Source Fool.com
