Twitter [NYSE:TWTR] today reported their earnings for the second quarter of the year, beating out all expectations and further raising their outlook for the next quarter and the whole year as well. The company reported that revenue rose to $312.2 million, up from $139.3 million a year ago, more than double. This is a significant beat of where Twitter had guided as well, as they had guided $270 to $280 million while the Thomson Reuters analyst poll had the average expectation at $283.1 million. However, the company still posted a GAAP net loss of $144.6 million, but most of this has to do with a
On Thursday, AMD reported its Q3’2008 results and the company managed to “Experience Black” (marketing slogan behind 4870X2). When we look at overall (non-GAAP) numbers, AMD filed $1.776 billion revenue and a profit of 80 million dollars. This was the first filed profit in seven quarters, and in a way, Hector J. Ruiz kept its promise of AMD becoming profitable by Q3’08. However, the results that Wall Street calculates are GAAP ones, and without that one-time revenue of $191 million (selling equipment to JSC Angstrem, as I first reported here), the company filed a net loss of $67 million on a revenue of $1.56 billion.