Investing.com – Twitter Inc (NYSE:) Thursday’s first quarter report showed that revenue fell below expectations and that analysts had forecasts for the quarter were exceeded.

Twitter Inc declared earnings per share $0.9 on revenue $1.2B. Investing.com polled analyst to predict EPS at $0.0516 for revenue $1.23B.

Twitter Inc shares have increased 11% since the start of the year but are still 34.20% below its 52-week high of $73.34, which was set on July 23, 2021. They are outperforming the S&P 500 which is down 11.55% from the start of the year.

Twitter Inc shares fell 0.78% intra-day following the news.

Twitter Inc. follows major earnings in the Communication Services Sector this month

Twitter Inc. reported Tuesday’s earnings miss by Alphabet C, which reported EPS $24.62 on revenue $68.01B. Forecasts for EPS $25.75 were for revenue $68.08B.

Alphabet had missed forecasts on Tuesday. First quarter earnings per share (EPS) of $24.62 was on revenue $68.01B. That compares with the expected EPS for $25.89 and revenue $68.08B.

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