Twitter, Inc. Announces 861% Advance In Q3 Earnings

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

The company said its bottom line rose to $66.98 million, or $0.10 per share. This was up from $6.97 million, or $0.01 per share, in last year's third quarter.

Analysts had expected the company to earn $0.05 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 57.6% to $569.24 million. This was up from $361.27 million last year.

Twitter, Inc. earnings at a glance:

-Earnings (Q3): $66.98 Mln. vs. $6.97 Mln. last year. -Earnings Growth (Y-o-Y): 861.0% -EPS (Q3): $0.10 vs. $0.01 last year. -EPS Growth (Y-o-Y): 900% -Analysts Estimate: $0.05 -Revenue (Q3): $569.24 Mln vs. $361.27 Mln last year. -Revenue Change (Y-o-Y): 57.6%

-Guidance: Next quarter revenue guidance: $695 - $710 Mln