Twitter, Inc. Earnings: Looking for Signs of a Turnaround
It was June 11, 2015, when Twitter (NYSE: TWTR) announced Dick Costolo would step down as CEO and be replaced by Twitter chairman and co-founder Jack Dorsey. Initially serving as an interim CEO, Twitter made the position permanent later that year.
Before choosing Dorsey as its new, permanent CEO, Twitter said it was looking for someone who could lead the company's "next phase of growth." But since Dorsey came back, Twitter's stock has plummeted 51% and its revenue growth has turned to declines.
Long story short, investors will be looking for some signs of a turnaround when Twitter reports its third-quarter results.
Source: Fool.com
