Twitter Falls After Selerity Reports Revenue Misses Estimates
Twitter Shares Plunge After Sales Forecast Cut
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Twitter Inc. shares fell 5.6 percent after Selerity Inc., a financial-information provider, reported that the social-media company’s first-quarter revenue and mobile users missed analysts’ estimates, without saying where it got the numbers.
San Francisco-based Twitter is scheduled to report quarterly results after the close of trading in New York. In postings on its Twitter feed, Selerity said the company’s revenue was $436 million, missing the average analyst estimate.