Twitter Q2 Loss Widens; Lifts FY14 Revenue Outlook - Quick Facts

(RTTNews) - Twitter, Inc. (TWTR) reported a net loss for the second quarter of $144.6 million, wider than $42.2 million in the comparable quarter last year. Loss per share for the latest second quarter was $0.24, narrower than $0.32 per share last year.

Excluding items, adjusted net income for the latest second quarter was $14.6 million or $0.02 per share, compared to an adjusted net loss of $16.4 million or $0.12 per share in the prior year quarter.

Revenue for the second quarter rose 124% to $312.17 million from $139.29 million a year ago.

Analysts polled by Thomson Reuters expected the company to report a loss of $0.01 per share on revenue of $283.07 million for the second quarter. Analysts' estimates typically exclude special items.

Average Monthly Active Users were 271 million as of June 30, 2014, an increase of 24% year-over-year.

Looking forward, the company currently forecasts revenue of $330 million to $340 million for the third quarter. Analysts currently expect third quarter revenue of $323.71 million.

The company raised its full year 2014 revenue forecast to a range of $1.31 billion o $1.33 billion from its previous forecast of $1.20 billion to $1.25 billion. Analysts now expect the company to post full year 2014 revenue of $1.27 billion.