MarketWatch First Take: Twitter fuels speculation with earnings time change

Twitter Inc. seems to be making misstep after misstep lately, from its failed efforts to sell itself so far, to picking a bad day to report its earnings this quarter, amid a cluster of other higher valued internet companies.

On Monday, the social media company surprised investors with news that it would change its third-quarter earnings reporting time to before the market opens on Thursday, instead of after the market closes, as previously scheduled. Two other internet giants — Alphabet Inc. GOOG, +1.72% and Amazon.com Inc. AMZN, +2.33% — are scheduled to release earnings that afternoon. There are at least 10 of the same Wall Street/buy-side analysts in common who follow all three of these companies, according to FactSet Research, and Twitter said it was moving to avoid the overlap for analysts.

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