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Twitter stock surges after earnings, user growth top expectations

April 30, 2020

Twitter Inc. helped keep the earnings winning streak alive for social-media stocks Thursday morning as the company topped expectations with its first-quarter results.

Shares surged more than 7% in premarket trading.

The company reported a net loss of $8 million, or 1 cent a share, versus net income of $191 million, or 25 cents a share, in the year-earlier period. Twitter’s TWTR, +7.98% adjusted earnings fell to 11 cents a share from 37 cents a share and came in above the FactSet consensus, which called for 10 cents a share.

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