Twitter Soars On Q3 Earnings, Possible GAAP Profit In Q4

Twitter reported better-than-expected adjusted third-quarter earnings early Thursday and said might turn a GAAP profit in Q4, sending shares sharply higher.

Twitter revenue fell 4% to $590 million, meeting estimates, but the third straight quarter of year-over-year declines. Twitter lost 3 cents a share but earned 10 cents excluding various items, topping the consensus of 6 cents per share, as polled by Zacks Investment Research.

Twitter slashed expenses by 16% vs. a year earlier.

Monthly...

What feeling does this article give you?
Joy
Disgust
Fear
Anger
Sadness

#hashtags to follow:

GAAP [+]    Zacks Investment Research [+]   

More #news: