Twitter misses revenue goals in quarterly earnings report

April 26, 2016 8:54 PM

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Twitter Inc. reported user growth in its first-quarter earnings statement Tuesday, but the good news was overshadowed by weaker than expected revenue and a dramatically reduced forecast for earnings later this year.

Shares of the social media company plunged more than 10% in after-hours trading to less than $16.

Also read: SoftBank Fixes Four Years of Tax Filings After Failing to Report Some Earnings

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