Twitter, Inc. Q2 adjusted earnings Beat Estimates

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

The company's profit totaled $1.12 billion, or $1.43 per share. This compares with $0.10 billion, or $0.13 per share, in last year's second quarter.

Excluding items, Twitter, Inc. reported adjusted earnings of $1.24 billion or $1.58 per share for the period.

Analysts had expected the company to earn $0.19 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 18.4% to $841.38 million from $710.54 million last year.

Twitter, Inc. earnings at a glance:

-Earnings (Q2): $1.24 Bln. vs. $0.13 Bln. last year. -EPS (Q2): $1.58 vs. $0.17 last year. -Analysts Estimate: $0.19 -Revenue (Q2): $841.38 Mln vs. $710.54 Mln last year.

-Guidance: Next quarter revenue guidance: $815 - $875 Mln