SAN FRANCISCO – Twitter is reporting its second profitable quarter with very strong profit and revenue numbers, sending shares up sharply in premarket trading.
The company posted earnings of $61 million Wednesday, or 8 cents per shares. Adjusted for one-time gains and costs, per-share earnings were 16 cents, which is 4 cents better than Wall Street expected, according to Zacks Investment Research.
Revenue as $664.9 million, easily beating analyst projections of $609.9 million.
Shares of Twitter Inc. rose 3 percent before the opening bell with the company seeing impressive overseas growth.
Portions of this story were generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on TWTR at https://www.zacks.com/ap/TWTR