Twitter posts big numbers in the fourth quarter, shares soar

    The Associated Press
    7:30 a.m. Thursday, Feb. 8, 2018 Nation World
FILE- This April 26, 2017, file photo shows the Twitter icon on a mobile phone, in Philadelphia. Twitter reports earnings Thursday, Feb. 8, 2018. (AP Photo/Matt Rourke, File)

Twitter is reporting fourth-quarter net income of $91.1 million, swinging to a profit a year after reporting millions in losses last year.

Shares of Twitter Inc. soared 13 percent before the opening bell Thursday.

The San Francisco company's per-share profit was 12, or 19 cents when adjusted for one-time gains and costs. That's a nickel better than Wall Street was looking for, according to a poll by Zacks Investment Research.

Revenue, at $731.6 million, also easily topped expectations $690.3 million.


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