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Twitter Surprises With Third Quarter Earnings

by Associated Press

   SAN FRANCISCO, CALIFORNIA --

   Twitter is reporting a loss of $21.1 million in its third quarter, but
   turned in a better-than-expected profit when one-time charges and
   benefits are removed.
   Shares of Twitter Inc. soared almost 9 percent before the opening bell
   Thursday.
   The San Francisco company had a loss of 3 cents, but a gain of 10 cents
   if those non-re-occurring events are removed. That's 2 cents better
   than industry analysts had predicted, according to a survey by Zacks
   Investment Research.
   Revenue was $589.6 million in the period, in line with expectations.