Twitter hits two-year high after Weibo earnings beat [MarketWatch]
Twitter, Inc. (TWTR)
Last twitter, inc. earnings: 4/30 07:00 am
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Source: MarketWatch
Twitter hits two-year high after Weibo earnings beat Twitter Inc. TWTR, +8.05% stock closed at its highest price in more than two years Tuesday, adding to gains since an earnings beat last week after a Chinese rival also showed stronger-than-expected growth Tuesday morning. Twitter shares gained 8.1% to $33.44 on Tuesday, it's highest close since mid-2015, adding to strong gains the company has experienced since showing off its first profitable quarter in an earnings report last week . Chinese social-media company Weibo Corp. WB, +9.59% reported earnings Tuesday morning and showed off better-than-expected profit and revenue, and Weibo shares jumped 9.6% to $129.66. The social-media sector appears to be shaking off some doubts, as Snapchat parent company Snap Inc. SNAP, -0.27% received big gains last week after its earnings report as well , moving higher than its IPO price for the first time in months. Weibo is partly owned by Sina Corp. SINA, +6.16% which moved 6.2% higher
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