Twitter stocks are up 6% in pre-market trading
- EPS: 37 cents vs 15 cents estimated
- Revenue: $787 million vs $776 million estimated
- mDAUs¹: 134 million vs 126 million in Q4
Pretty much a beat all across the board and that's about as good as you could hope for as we begin a key week for US tech stocks and the stock market in general. Twitter also said that it forecasts Q2 revenue to be in the range of $770 million to $830 million, which is pretty much in line with what analysts forecast between $784 million to $853 million.
As a reminder, we'll still see the likes of Facebook², Microsoft², Intel³, and Amazon³ still to report this week. Next week, we'll have Alphabet and Apple report on 29 April and 30 April respectively.
¹ Monetizable daily active users (mDAUs)
² Reporting tomorrow
³ Reporting on Thursday