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Twitter soars 15% — to best level since July — after earnings beat (TWTR)

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  • Twitter soared more than 15% after beating quarterly earnings on Tuesday morning.
  • The company beat expectations for earnings and revenues despite a fall in users.
  • Watch Twitter trade live.

The social-media company Twitter beat analyst expectations on Tuesday morning, sending shares up 15% and to their best level since July.

The company reported earnings $0.25 a share for the first quarter, easily beating the $0.18 that analysts surveyed by Bloomberg were expecting.

Revenue jumped 18% year-over-year to $787 million despite the number average monthly users decreasing by 6 million versus a year ago to 330 million. Research analysts praised the company’s new read more >>>

Source:: BusinessInsider.Com