TWTR stock soared by as much as 17.50% in morning trade, now selling at $40.41 after Twitter Inc (NYSE:TWTR) announced its fiscal first quarter result. The social media company beat analyst estimates for revenues and also recorded a healthy growth in active users.
Strong NumbersFor many years, the social media giant had been a perennially loss-making organization with no hope of turning a corner despite having a strong and loyal user base. However, things have started to change, and in this particular quarter, the company’s monthly active user metric has been the most important factor ...
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