Twitter Q2 Results Top Estimates

(RTTNews) - Twitter, Inc. (TWTR) reported a net loss for the second quarter of $136.7 million or $0.21 per share, compared to a net loss of $144.6 million or $0.24 per share for the year-ago quarter.

Excluding items, adjusted net income for the second quarter was $48.5 million or $0.07 per share, compared to $14.6 million or $0.02 per share in the prior year quarter.

Revenue for the second quarter rose 61% to $502.38 million from $312.17 million in the same quarter last year.

Analysts polled by Thomson Reuters expected the company to earn $0.04 per share on revenue of $481.28 million for the second quarter. Analysts' estimates typically exclude special items.

Looking forward, the company forecasts third quarter revenue of $545 million to $560 million.

The company now forecasts full year 2015 revenue to be in the range of $2.20 billion to $2.27 billion, compared to its prior guidance of $2.17 billion to $2.27 billion.

Analysts currently expect the company to post revenue of $555.78 million for the third quarter and $2.20 billion for the full year 2015.