Company News: Twitter (TWTR) Q3 results beat analysts’ expectations

Market news

27 October 2016

Company News: Twitter (TWTR) Q3 results beat analysts’ expectations

Twitter reported Q3 FY 2016 earnings of $0.13 per share (versus $0.10 in Q3 FY 2015), beating analysts' consensus estimate of $0.09.

The company's quarterly revenues amounted to $0.616. bln (+8.3% y/y), beating analysts' consensus estimate of $0.606 bln.

The company also announced a restructuring and reduction in force affecting approximately 9% of its positions globally.

TWTR rose to $18.25 (+5.55%) in pre-market trading.

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