Twitter Stock Down Following Leaked Earnings, Revenue Crash

It seems that Twitter (surprisingly) didn't have as great a year as their shareholders were hoping. It's being reported that after the company's earnings leaked early, it was revealed that they had a little plunge in revenue. Because of that, their stock crashed. So while their board and CEO Dick Costolo are both hopeful that things will pick up – which it probably will – stockholders got a little freaked out and decided to sell.

According to reports from Business Insider, Twitter's first quarter had $436 million – a number that was expected to be approximately $456 million. For Twitter's second quarterly earnings, expectations were hovering in the $538.1 million range, but the company was only able to grab somewhere in between $470-$485 million.

The leaked earnings were tweeted out (yes, they were TWEETED out) by a research firm by the name of Selerity this past Tuesday.

Naturally, people speculated a supposed hack to be the cause but Selerity assures us all via Twitter that the information was taken from the company's official investor relation website. They mentioned, "no leak, no hack."

Today’s $TWTR earnings release was sourced from Twitter’s Investor Relations website https://t.co/QD6138euja. No leak. No hack.

— Selerity (@Selerity) April 28, 2015

Take a look at some of the info from Selerity below:

#BREAKING: Twitter $TWTR Q1 Revenue misses estimates, $436M vs. $456.52M expected — Selerity (@Selerity) April 28, 2015

#BREAKING: Twitter $TWTR Q1 Mobile Monthly Active Users (MAUs) misses estimates, 241.6M vs. 243M expected — Selerity (@Selerity) April 28, 2015

Twitter is currently trading on the New York Stock Exchange under the stock symbol TWTR.