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Twitter Uptick Continues In Pre-market On Upbeat Results

Twitter, Inc. (TWTR) is trading more than 4 percent in pre-market trade on Friday after the company reported better-than-expected second quarter results on Thursday after the bell. The scrip is now trading at $72.87 versus previous close of $69.57.


The company's revenues surged 74% driven by a spurt in advertising revenues and users.


The social media giant had reported net income of $65.6 million or $0.08 per share versus net loss of $1.38 billion and EPS of $1.75 in the prior-year period. Analysts had expected EPS of $0.07.


The stock has traded between $35.65 and $80.75 during the past 52-week. It is currently trading 9.76% below the 52-week high.

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