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Thursday, July 22, 2021 1:43:04 PM
By: TheStreet | July 22, 2021
Twitter (TWTR) has been public for nearly twice as long as SNAP, and even with a larger sample size, it hasn't typically reacted well to earnings. Despite topping EPS and revenue estimates 80% of the time, SNAP's average one-day reaction to earnings has been a decline of 2.94% with positive returns just 40% of the time. During the Q2 earnings season, TWTR's EPS and revenue beat rates haven't been as strong as the overall averages, and it shows in the stock's average reaction to earnings. Of the seven Q2 earnings season reports for TWTR, the stock's average performance is a decline of 4.39% with gains just 43% of the time. The only quarter that has been weaker is the Q1 earnings season, and true to form, the stock dropped more than 15% on the day after its report back in April.
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