SAN FRANCISCO (AP) _ Twitter Inc. (TWTR) on Thursday reported a second-quarter loss of $1.23 billion, after reporting a profit in the same period a year earlier.
The San Francisco-based company said it had a loss of $1.56 per share. Losses, adjusted for one-time gains and costs, came to $1.39 per share.
The results fell short of Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.
The short messaging service posted revenue of $683.4 million in the period, which also fell short of Street forecasts. Nine analysts surveyed by Zacks expected $718 million.
Twitter shares have increased 15% since the beginning of the year. The stock has fallen nearly 2% in the last 12 months.