Twitter earnings leak on Twitter, disappoint investors

Twitter's quarterly earnings report, which was supposed to be published after the stock market closed yesterday, was obtained early and posted on Twitter by financial analytics firm Selerity.

The leak sent Twitter's shares plunging, ultimately ending the day down 18 percent, according to the New York Times.

In the report, Twitter said 302 million people used its service at least once a month during the first quarter, up from 288 million in December and in line with recent trends. However, the figure failed to impress investors who have been seeking better results following recent changes Twitter made to help newcomers better understand its service, according to the report.

Twitter’s revenue, most of which derives from advertising, came in at $436 million in the first quarter, up from $250 million in the same quarter a year ago. However, it was well below the $457 million that Wall Street analysts had expected, according to estimates collected by S&P Capital IQ.

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