Twitter Is Profitable Again In 1st Quarter, Grows Overseas
Techlife News|April 28, 2018

Twitter, driven by strong growth overseas, swung to a profit during the first quarter of the year, its second profitable quarter ever after a strong finish last year.

Twitter Is Profitable Again In 1st Quarter, Grows Overseas

But the company’s stock tumbled more than 6 percent when the market opened, reversing premarket gains.

For the three months ended March 31, Twitter Inc. earned $61 million, or 8 cents per share. A year earlier the San Francisco company lost $61.6 million, or 9 cents per share.

Removing certain items, earnings were 16 cents per share. That’s 4 cents better than what analysts polled by Zacks Investment Research expected. 

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