Twitter Pulls Back Off Best Levels But Remains Firmly Positive

(RTTNews) - Shares of Twitter, Inc. (TWTR) have pulled back off their best levels of the day but continue to see considerable strength in late-day trading on Thursday. After reaching its best intraday level in well over a month, Twitter is currently up by 15.2 percent.

Twitter moved sharply higher in early trading after the social media giant reported third quarter results that exceeded analyst estimates on both the top and bottom lines.

The company reported adjusted third quarter earnings of $0.21 per share on revenues of $758.1 million compared to analyst estimates for earnings of $0.14 per share on revenues of $705.6 million.