Why Twitter Stock Is Surging Tuesday

What happened

Shares of social network Twitter (NYSE: TWTR ) jumped on Tuesday, rising nearly 18% around noon EDT.

The stock's gain followed Twitter's first-quarter financial results, which included better-than-expected financial results and strong growth in monetizable daily active users.

A businessman looking at his smartphone

Image source: Getty Images.

So what

Twitter reported non-GAAP earnings per share of $0.37 on revenue of $787 million. These figures were up 131% and 18% compared to the year-ago period, respectively. Analysts, on average, expected non-GAAP earnings per share of $0.15 and revenue of $776 million.

Twitter also notably saw its monetizable daily active users increase 11% year over year and 6% sequentially.

Now what

Looking ahead, Twitter said improving the health of conversation on its platform continues to be its most important priority. But management will also focus on features to improve user experience and make advertising on its platform more attractive.

Management guided for second-quarter revenue to be between $770 million and $830 million, up from $711 million in the second quarter of 2018.

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Daniel Sparks has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Twitter. The Motley Fool has a disclosure policy .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Personal Finance , Stocks
Referenced Symbols: TWTR

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