Twitter announced quarterly earnings Tuesday while making an important decision about a future leader, and advertising revenues initially boosted stock before downbeat user-growth talk sent it the other way. Reporters Jennifer Booton (@jbooton) and Caitlin Huston (@hustonca), and Tech Editor Jeremy C. Owens (@jowens510) live-blogged the earnings report and conference call.
http://blogs.marketwatch.com/thetell/2015/07/28/live-blog-twitter-streams-earnings-amid-ceo-search/
Twitter TWTR, +5.30% Â said its second-quarter loss narrowed to $136.7million, or 21 cents a share, from a loss of $144.6 million, or 24 cents a share, a year ago. Excluding certain expenses, Twitter would have earned 7 cents a share, better than the 4 cents a share forecast by analysts. Revenue jumped 61% to $502.4 million. Shares of Twitter surged more than 10% at one point in after hours.
Yelp Inc. YELP, -0.65% Â shares tanked after the online reviews service cut its full-year outlook. Yelp swung to a second-quarter loss of $1.3 million, or 2 cents a share, from a profit of $2.7 million, or 4 cents a share, a year ago. Excluding non-recurring items, Yelp would have earned 12 cents a share, better than the penny a share forecast by analysts in a FactSet survey. Revenue rose 51% to $133.9 million. However, the company slashed its full-year sales outlook to a range of $544 million to $550 million from $574 million to $579 million previously. Yelp shares fell 14% in after hours trade.
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