Upbeat quarterly update lifts Twitter shares

upbeat quarterly update lifts twitter shares

Sumary of Upbeat quarterly update lifts Twitter shares:

  • Twitter shares were up more than 6 per cent in after-market trades that followed release of the earnings figures.
  • — AFP pic SAN FRANCISCO, July 23 ― Twitter yesterday posted better-than-expected results for the recently ended quarter with gains in revenue, profit and its user base, sparking a rally in shares of the messaging platform.
  • Twitter said in its statement that more people were on the platform as a result of “ongoing product improvements and global conversation around current events.
  • Twitter shares were up more than 6 per cent in after-market trades that followed release of the earnings figures.
  • “We are shipping more, learning faster, and hiring remarkable talent,” Twitter chief Jack Dorsey said in an earnings release.
  • “There’s a tremendous opportunity to get the whole world to use Twitter.

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