Twitter Soars As Q2 Revenue, User Growth Accelerate

By | July 29, 2014

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Twitter shares soared late Tuesday as the short-message service reported a pickup in user growth, plus earnings and revenue much better than expected. Average monthly users hit 271 million at the end of Q2. It was an increase of 24% vs. a year earlier and 16 million from Q1. Investors had expected Twitter (TWTR) to add 11.8 million users, said JPMorgan analyst Doug Anmuth in a report on Tuesday before the earnings release. “We Scalper1 News

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