Twitter, Inc. Announces 27% Gain In Q3 Earnings

(RTTNews) - Twitter, Inc. (TWTR) reported a profit for its third quarter that increased from last year.

The company said its bottom line climbed to $77.85 million, or $0.10 per share. This was higher than $61.39 million, or $0.09 per share, in last year's third quarter.

Analysts had expected the company to earn $0.07 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 3.8% to $590.0 million. This was down from $613.6 million last year.

Twitter, Inc. earnings at a glance:

-Earnings (Q3): $77.85 Mln. vs. $61.39 Mln. last year. -Earnings Growth (Y-o-Y): 26.8% -EPS (Q3): $0.10 vs. $0.09 last year. -EPS Growth (Y-o-Y): 11.1% -Analysts Estimate: $0.07 -Revenue (Q3): $590.0 Mln vs. $613.6 Mln last year. -Revenue Change (Y-o-Y): -3.8%