Twitter (TWTR - Free Report) is set to report third-quarter 2018 results on Oct 25.
The company’s earnings beat the Zack Consensus Estimate in three of the trailing four quarters, delivering an average positive surprise of 33.93%.
In the last reported quarter, Twitter posted non-GAAP earnings of 17 cents per share, which was in line with the Zacks Consensus Estimate but much better than 8 cents reported in the year-ago quarter.
Revenues of $711 million increased 24% from the year-ago quarter and beat the consensus mark of $700 million. Twitter’s adjusted monthly average users (MAUs) totaled 335 million, up from 326 million in the year-ago quarter but down 1 million sequentially.
The Zacks Consensus Estimate for third-quarter revenues is currently pegged at $703.72 million, while that for earnings stands at 14 cents per share.
Let’s see how things are shaping up prior to this announcement.
New Features to Boost User Growth
Twitter continues to add features to attract users to its platform and drive engagement levels.
In the current quarter, the company announced “audio-only broadcast” option to expand its foothold into live podcasting and other audio-first content.
Twitter’s new Live Audio service reflects its focus on expanding its real-time content offering as competition intensifies from the likes of Facebook (FB - Free Report) , Snapchat and Facebook-owned Instagram.
Twitter, Inc. Price and EPS Surprise