Twitter Forecasts Revenue That Falls Short of Estimates

Twitter reported second quarter earnings of $0.13 per share, surpassing analyst expectations of $0.09. Revenue was $602 million, slightly below the anticipated $607 million but up 20% from the previous year. User growth was modest, with 313 million active users, just above the expected 312 million. Despite these figures, the market reacted negatively, with stock prices dropping over 10%. The forecast for the third quarter revenue is between $590 million and $610 million, significantly below analyst expectations of $681 million. Investors are concerned about the lack of substantial growth in profits and users.

What was the market reaction to Twitter's earnings report?

What are the revenue expectations for Twitter in the third quarter, and how do they compare to analysts' forecasts?