SAN FRANCISCO (KCBS) – It’s a tale of two earnings reports Wednesday.
Twitter (TWTR) is falling even further after diving 18% Tuesday when its earnings were leaked before the closing bell, and the company came up short in revenue expectations, and offered weak guidance for the current quarter.READ MORE: Fire Crews Contain 15-Acre Vegetation Fire In Discovery Bay
Twitter’s shares fell 18-percent, and were down nearly 6 percent percent more Thursday.
Despite the earnings miss, revenue were up 74-percent to $436-million. The company’s user base also grew 14-percent from the prior quarter to 302 million.
Twitter CEO Dick Costolo blamed the poor quarter on lower than expected results from some of the company’s newer ad products.READ MORE: Hertl Scores Twice In 500th NHL Game, Helps Sharks Defeat Avalanche
It shaping up to be a much better day ahead for GoPro (GPRO), which topped expectations on a revenue gain of 54.1% to $363-million.
To give an idea of how popular the San Mateo firm’s action cameras are becoming, its YouTube channel witnessed a 93-percent gain in published videos.
GoPro also announced its buying French software developer Kolor, which specializes in panoramas and 360-degree videos, something GoPro says is an essential building block of virtual reality.MORE NEWS: Tents Housing Homeless On San Francisco Streets Down 65% In A Year, City Says
GoPro shares were cruising higher on the results.