Twitter Shares Soar on a Surprise Profit and Strong User Growth

Twitter bounced back from a rough start to 2014 with a second-quarter earnings report that showed a surprise profit and user growth that beat expectations

Second-quarter earnings for the microblogging company showed $312 million in revenues and a profit of $0.02 per share. Analysts expected revenue of about $283 million and a loss of $0.01 per share

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The profit was overshadowed by growth in monthly active users, which hit 271 million. The news sent Twitter shares sharply higher, up as much as 26% in after-hours trading. Twitter's shares had dropped 39% since the beginning of 2014. Read more...

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