<p>Like its bigger tech peers, Twitter posted stronger-than-expected results for the first quarter on Thursday. But its lukewarm outlook sent shares tumbling after hours. </p>
<p>The San Francisco-based company earned $68 million, or 8 cents per share, in the January-March period. That’s up from a loss of $8.4 million, or 1 cent per share, a year earlier.</p>
<p>Revenue grew 28% to $1.04 billion. Analysts, on average, were expecting earnings of 14 cents per share on revenue of $1.03 billion, according to a poll by FactSet.</p>
<p>Twitter had 199 million daily users, on average, in the third quarter, up 20% year-over-year and slightly below the 200 million that analysts were expecting.</p>
<p>By comparison, <a href="https://apnews.com/article/technology-business-a7e35ae1577962c18e1acdd60849f082">Facebook had 1.88 billion</a> daily users on average in March 2021, an increase of 8% year-over-year. Snapchat, meanwhile, had 280 million average daily active users in the first quarter.</p>
<p>Twitter does not disclose monthly user figures. </p>
<p>Twitter said it expects revenue between $980 million and $1.08 billion for the second quarter. The midpoint of that is below analysts’ expectations of $1.06 billion.</p>
<p>Twitter’s stock fell $5.81, or 8.9%, to $59.28 in after-hours trading. </p>
