Twitter surprises in the third quarter

October 26, 2017
This Wednesday, Oct. 26, 2016, photo shows a sign at Twitter headquarters in San Francisco. Twitter Inc. reports earnings Thursday, Oct. 26, 2017. (AP Photo/Jeff Chiu)

SAN FRANCISCO (AP) — 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 revenue of $589.6 million in the period, in line with expectations.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TWTR at https://www.zacks.com/ap/TWTR

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