Twitter Shares Take a Dive After Earnings Report Leak

Apr 30, 2015

It's the time of year when companies are releasing their first quarter earnings reports, and Twitter is no exception. However, things did not go quite as planned when the earnings report was leaked 30 minutes before its scheduled release. More problematic, however, was the fact that earnings came in under Wall Street's expectations.

As so often happens with this "underperforming" companies, Twitter still made a ton of money-and grew its revenue 74% year over year to $436 million. Analysts were projecting $456.8 million, and so Twitter fell short despite growth.