Why Twitter Stock Popped 21.2% in July
Shares of Twitter (NYSE: TWTR) climbed 21.2% in July, according to data from S&P Global Market Intelligence, after the short-form social networking site delivered stronger-than-expected second-quarter results.
To be sure, after drifting higher early in the month leading up to its July 26 earnings release, Twitter stock soared 8.9% after its results hit the wires. When all was said and done in Q2, revenue had increased 18% year over year to $841 million, translating to net income of $0.20 per share after adjusting for one-time items. The top and bottom lines easily outpaced consensus estimates at the time for adjusted earnings of $0.19 per share on revenue of $829 million.
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Source Fool.com
