Twitter is profitable again in 1st quarter, grows overseas

SAN FRANCISCO — Twitter is reporting its second profitable quarter with very strong profit and revenue numbers, sending shares up sharply in premarket trading.

The company posted earnings of $61 million Wednesday, or 8 cents per shares. Adjusted for one-time gains and costs, per-share earnings were 16 cents, which is 4 cents better than Wall Street expected, according to Zacks Investment Research.

Revenue as $664.9 million, easily beating analyst projections of $609.9 million.

Shares of Twitter Inc. rose 3 per cent before the opening bell with the company seeing impressive overseas growth.

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Portions of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TWTR at https://www.zacks.com/ap/TWTR