covid-19 2020 pandemic

Twitter Retracts Earnings Forecasts Amid Coronavirus Pandemic

Reading now: 964
www.hollywoodreporter.com

Twitter on Monday withdrew its revenue and operating income forecasts for the first quarter of 2020 amid the coronavirus pandemic.

The social media giant also retracted its outlook for expenses, stock-based compensation, headcount and capital expenditures for the full fiscal year "due to the growing impact of COVID-19 on the global operating and economic environment and their effect on advertiser demand." Twitter said the near-term financial impact of the virus outbreak on its bottom line was "rapidly evolving and difficult to measure." But the company added that its first-quarter revenue will be "down slightly on a year-over-year basis," and that it will post an overall GAAP operating loss.

Read more on hollywoodreporter.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA