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Twitter falls after warning progress will sluggish this 12 months

Twitter inventory fell about 2 % Wednesday after warning that the tempo of its income progress will sluggish.

Although it beat earnings estimates for the primary quarter, the San Francisco firm stated it might be troublesome to provide progress charges within the second half of the 12 months that prime these of 2017, when a broad-based restoration started. Because of this, income progress will resemble that of 2016.

The warning put a damper on the nascent turnaround that noticed Twitter stay within the black for the second quarter in a row after greater than 16 quarters of losses. Twitter’s push into reside video and extra customized content material seems to be beginning to repay, boosting income and revenue by luring customers and advertisers.

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