Twitter delivers first profit, shares surge 22 percent

Twitter Inc <TWTR.N> shares surged 22 percent at the market open on Thursday after it reported its first quarterly profit and better-than-expected revenue, helped by ads that better targeted users and sales growth outside the United States.

Investors shrugged off zero growth in Twitter’s users from a quarter earlier, which the company blamed in part on seasonal weakness and its purge of fake and spam accounts.

FOLLOW THE LINK FOR THE FULL REPORT – JR

https://ca.news.yahoo.com/twitter-reports-first-net-profit-user-growth-misses-120823185–finance.html

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s