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Twitter jumps more that 9% as it nears first profitable quarter

“Twitter stock jumped 11 percent in premarket trading Thursday after the company beat expectations on revenue and gave higher-than-expected guidance for the fourth quarter” writes unknown author for cnbc.com. The company added 4 million MAUs since last quarter in light of the adjustments, a growth rate of 4 percent year over year.Twitter reported its highest adjusted EBITDA this past quarter, with total non-GAAP expenses down 10 percent year over year or 35 percent of total revenue.Despite the MAUs snafu, Twitter beat analysts expectations on revenue and earns per share.
 
Source: cnbc.com



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