Twitter’s Sales Exceed Analysts’ Estimates; Shares Climb
Can Twitter Hatch a New Plan After Beating 2Q Estimates?
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Twitter Inc. reported second-quarter sales that topped analysts’ projections, a bright spot for the growth-challenged company as it seeks a new chief executive officer. Shares jumped as much as 12 percent.
In the second quarter, revenue rose 61 percent to $502.4 million, the social-media company said Tuesday in a statement. That exceeded analysts’ average projection for $481.9 million, according to data compiled by Bloomberg.