Thursday, October 27, 2016

Twitter Q3 Loss Narrows, Aims For Profitability In 2017; To Cut 9% Jobs

Social media site Twitter Inc. (TWTR) reported a narrower loss for the third-quarter quarter, while quarterly revenue increased 8% from the prior year. Adjusted earnings per share topped analysts' expectations. It will reduce about 9% of its global workforce. It updated its outlook for the full year 2016 and provided guidance for the fourth quarter of 2016.

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