Twitter Stock Price Up After Meeting Revenue User Growth Expectations
Twitter reported an operating loss of $537 million for the third quarter due to a one-time litigation-related net charge of $766 million. Twitter reported a 54-cent loss per share on revenue of $1.28 billion, up 37% from a year ago. The $766 million charge is related to a settlement the company was forced to pay in September after allegedly giving investors misleading user growth metrics. Wall Street was expecting Twitter to report non-GAAP earnings of 15 cents a share on revenue of $1....