Technology Twitter is profitable again in 1st quarter, grows overseas

Twitter is profitable again in 1st quarter, grows overseas

Twitter is displayed above a trading post on the floor of the New York Stock Exchange. Twitter reports earnings Wednesday, April 25, 2018.

Twitter is reporting its second profitable quarter with very strong profit and revenue numbers, sending shares up sharply in premarket trading.

The company posted earnings of $61 million Wednesday, or 8 cents per shares. Adjusted for one-time gains and costs, per-share earnings were 16 cents, which is 4 cents better than Wall Street expected, according to Zacks Investment Research.

Revenue as $664.9 million, easily beating analyst projections of $609.9 million.

Shares of Twitter Inc. rose 3 percent before the opening bell with the company seeing impressive overseas growth.

 
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