advertisement

Twitter posts big numbers in the fourth quarter, shares soar

SAN FRANCISCO (AP) - Twitter is reporting fourth-quarter net income of $91.1 million, swinging to a profit a year after reporting millions in losses last year.

Shares of Twitter Inc. soared 13 percent before the opening bell Thursday.

The San Francisco company's per-share profit was 12, or 19 cents when adjusted for one-time gains and costs. That's a nickel better than Wall Street was looking for, according to a poll by Zacks Investment Research.

Revenue, at $731.6 million, also easily topped expectations $690.3 million.

_____

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
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.