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This article is originally referred from HYCM News.
Twitter (TWTR) stocks gained over 13% in after-hours trading following the release of the company’s Q3 report.
Their overall revenue was $758 million (estimated at $702.6 million) and their adjusted net income was 21 cents per share, well above the average estimate of 14 cents.
Monthly active users fell to 326 million in Q3, below the average analyst forecast of 331.5 million.
The company shed 9 million accounts since the they rolled out new initiatives to reduce spammers, bots and other suspicious user accounts.
Do you think Twitter will continue to rise or start to retrace?
Original Source: HYCM News