Twitter (TWTR) Withdraws Q1 Guidance Due to COVID-19
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Twitter Withdraws Q1 Guidance Due to COVID-19 Impact
March 23, 2020 4:15 PM EDTSAN FRANCISCO, March 23, 2020 /PRNewswire/ -- Twitter, Inc. (NYSE: TWTR) today announced the company is withdrawing its revenue and operating income guidance for the first quarter of 2020, as well as its outlook for expenses, stock-based compensation, headcount, and capital expenditures for the full year due to the growing impact of COVID-19 on the global operating and economic environment and their effect on advertiser demand.Â
While the near-term financial impact of this pandemic is rapidly evolving and difficult to measure, based on current visibility, the company expects Q1 revenue to be... More
