Business

Twitter surprises in the third quarter

Posted October 26, 2017 7:00 am

The Associated Press

SAN FRANCISCO (AP) - Twitter is reporting a loss of $21.1 million in its third quarter, but turned in a better-than-expected profit when one-time charges and benefits are removed.

Shares of Twitter Inc. soared almost 9 percent before the opening bell Thursday.

The San Francisco company had a loss of 3 cents, but a gain of 10 cents if those non-re-occurring events are removed. That's 2 cents better than industry analysts had predicted, according to a survey by Zacks Investment Research.

Revenue was revenue of $589.6 million in the period, in line with expectations.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TWTR at https://www.zacks.com/ap/TWTR

Article Comments

Article Categories
Business Content Providers Nation and World News

Article Comments

Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the "flag" link in the lower-right corner of the comment box. To find our more, read our FAQ.