Twitter: 3Q Earnings Snapshot

Associated Press
Updated ·1 min read

SAN FRANCISCO (AP) _ Twitter Inc. (TWTR) on Thursday reported third-quarter profit of $28.7 million.

The San Francisco-based company said it had net income of 4 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, came to 19 cents per share.

The results beat Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.

The short messaging service posted revenue of $936.2 million in the period, which also topped Street forecasts. Twelve analysts surveyed by Zacks expected $785.8 million.

Twitter shares have risen 64% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $52.43, a rise of 76% in the last 12 months.

_____

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