Two major technology companies, Twitter and GoPro, will release their fiscal first-quarter results on Tuesday, April 28th after the markets close. Twitter stock has rallied 42% year-to-date while GoPro has declined about 30% in the same period. GoPro shares are up 1.93% in intraday trading Tuesday, suggesting investors are optimistic about its results.
User growth key for Twitter
Analysts polled by Thomson Reuters expect the microblogging company to post $456.52 million in Q1 revenue with 4 cents a share in earnings. However, investors are worried more about Twitter’s user growth than about the top- and bottom line. The San Francisco-based company added only 4 million users in Q4, 2014. If user growth remains in the single digits, it will raise questions about the company’s long-term potential.