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Twitter Second-Quarter Results Fly Above Estimates As Stock Climbs

Twitter (TWTR) reported second-quarter results late Thursday that beat estimates on the top and bottom lines. Twitter stock jumped.




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The company reported adjusted earnings of 20 cents per share on revenue of $1.19 billion. Analysts expected Twitter to report earnings of 7 cents on revenue of $1.06 billion.

Twitter stock jumped 8.7%, near 75.55, during after-hours trading on the stock market today.

It reported 206 million active daily users, in line with estimates.

Twitter recently announced the company’s first subscription service designed for power users willing to pay a monthly fee for exclusive features.

Twitter stock is up 28% this year.

After rallying strongly off the coronavirus lows in March 2020, the social media play is now forming a deep double-bottom base and is closing in on a 73.32 buy point. For more Twitter stock analysis visit Leaderboard.

More to follow.

Please follow Brian Deagon on Twitter at @IBD_BDeagon for more on tech stocks, analysis and financial markets.

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