Twitter Shares Fall After Missed Revenue Goals

April 26, 2016 9:57 PM

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Twitter showed Tuesday that it can grow its user base, reporting that monthly active users grew to 310 million for the quarter. But lower revenue than expected sent the social network's stock plunging during after-hours trading.

The company reported first quarter revenue of $595 million, up 36 percent from the same period last year. But analysts surveyed by Thomson Reuters were expecting revenue of nearly $608 million and the miss sent the company's stock sliding more than 9 percent.

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