Monday, October 27, 2014

Twitter doubles its revenue from last year, but profits remain elusive


Twitter reported its third quarter earnings today, and despite robust performance, the company's stock continues to struggle. Twitter's booked $361 million in revenue over the last three months, more than double what it did for the same period in 2013. It also hit its marks on profit — $7 million, which is exactly what investors were expecting. But the stock is down more than 8 percent in after-hours trading, as investors flee a stock that hasn't shown the upside they were looking for in a young, high-flying social network.


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