Twitter (NYSE:TWTR) issued its quarterly earnings results on Thursday. The social networking company reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.17, MarketWatch Earnings reports. Twitter had a return on equity of 4.37% and a net margin of 8.57%. The firm had revenue of $758.11 million during the quarter, compared to analysts’ expectations of $703.57 million.
Shares of Twitter stock traded up $0.56 during trading hours on Friday, hitting $32.36. The company’s stock had a trading volume of 47,699,482 shares, compared to its average volume of 29,460,576. Twitter has a twelve month low of $19.26 and a twelve month high of $47.79. The firm has a market cap of $22.11 billion, a PE ratio of 539.33, a price-to-earnings-growth ratio of 3.75 and a beta of 0.75. The company has a quick ratio of 11.00, a current ratio of 11.00 and a debt-to-equity ratio of 0.47.
In related news, insider Robert Kaiden sold 2,315 shares of the business’s stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $32.26, for a total value of $74,681.90. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Matthew Derella sold 15,098 shares of the business’s stock in a transaction on Friday, August 3rd. The shares were sold at an average price of $31.95, for a total value of $482,381.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,145,001 shares of company stock worth $126,323,836. Corporate insiders own 6.62% of the company’s stock.
Twitter, Inc operates as a platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter that allows users to consume, create, distribute, and discover content; and Periscope, a mobile application that enables user to broadcast and watch video live with others.
Further Reading: Beta
Receive News & Ratings for Twitter Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twitter and related companies with MarketBeat.com's FREE daily email newsletter.