Investors are looking at Twitter with a closer eye after Facebook experienced a downtick in European user numbers due to new data privacy regulations on the continent.
Twitter is scheduled to report second-quarter earnings before the bell on Friday. Here’s what Wall Street is expecting:
- Estimated earnings per share: 17 cents, according to a Thomson Reuters consensus estimate
- Estimated revenue: $696.2 million, according to a Thomson Reuters consensus estimate
- Estimated monthly active users (MAUs): 338.5 million, according to StreetAccount and FactSet estimate
Twitter has been on a high ever since it first achieved profitability in the fourth quarter of 2017, with shares up almost 78 percent year to date.
There’s more scrutiny on the company given the Russian interference during the 2016 elections. Twitter has since enacted more rigorous political ad standards and will release a “transparency center” to show all advertisements running on the platform. The company also recently purged fake accounts, but those changes occurred after the close of the second quarter so its unlikely to affect MAUs this time.
This story is developing. Check back for updates.