Twitter stock rises after company posts second-ever GAAP profit, big MAU beat [MarketWatch]
Twitter, Inc. (TWTR)
Last twitter, inc. earnings: 4/30 07:00 am
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Source: MarketWatch
Twitter stock rises after company posts second-ever GAAP profit, big MAU beat Shares of Twitter Inc. TWTR, -2.40% gained 6.2% in premarket trading Wednesday after the company reported better-than-expected earnings and revenue and delivered healthy monthly-active-user growth. Net income for the period totaled $61 million or 8 cents a share, versus a $62 million loss in the year-ago period or 9 cents per share. On an adjusted basis, the company reported net income of $123 million, up from $53 million a year earlier. Twitter delivered adjusted earnings per share of 16 cents, up from 11 cents a share a year earlier and ahead of the FactSet consensus projection that called for 12 cents. Revenue for the first quarter totaled $665 million, up from $548 in the year-ago quarter and ahead of analysts' estimate of $608 million. Twitter had 336 monthly active users in the March period, up 3% year over year. The March count marked an increase of 6 million monthly active users over the December
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