Home Tech Twitter (TWTR) Gains But Lags Market: What You Should Know

Twitter (TWTR) Gains But Lags Market: What You Should Know

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This story originally appeared on Zacks

Twitter (TWTR) closed at $44.16 in the latest trading session, marking a +0.59% move from the prior day. This move lagged the S&P 500’s daily gain of 0.62%. At the same time, the Dow added 0.55%, and the tech-heavy Nasdaq lost 0.03%.

– Zacks

Heading into today, shares of the short messaging service had lost 7.62% over the past month, lagging the Computer and Technology sector’s loss of 1.01% and the S&P 500’s gain of 0.39% in that time.

Investors will be hoping for strength from Twitter as it approaches its next earnings release. On that day, Twitter is projected to report earnings of $0.33 per share, which would represent a year-over-year decline of 13.16%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.57 billion, up 21.7% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting…

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