FAIRFIELD-SUISUN, CALIFORNIA

Business

Twitter 2Q results soar, stock flies high

By From page B8 | July 30, 2014

NEW YORK — The little blue bird is flying high. Stronger-than-expected financial results pushed Twitter’s stock sharply higher on Tuesday after the short messaging service said its revenue more than doubled in the second quarter.

Twitter also grew its user base more than expected, alleviating concerns, at least for now, that it doesn’t hold appeal for a broad swath of people. Its larger rival, Facebook, also posted strong results last week and its stock is trading near a record high.

San Francisco-based Twitter’s stock jumped 30 percent to $50.01 in extended trading Tuesday.

 

The Associated Press

The Associated Press

LEAVE A COMMENT

Discussion | No comments

The Daily Republic does not necessarily condone the comments here, nor does it review every post. Please read our Terms of Service and Privacy Policy before commenting.

  • Recent Articles

  • Enter your email address to subscribe and receive notifications of new posts by email.

  • Special Publications »

    Use of this site constitutes acceptance of our Terms of Service (updated 4/30/2015) and Privacy Policy (updated 4/7/2015).
    Copyright (c) 2015 McNaughton Newspapers, Inc., a family-owned local media company that proudly publishes the Daily Republic, Mountain Democrat, Davis Enterprise, Village Life and other community-driven publications.