Shares of Twitter, Inc. (TWTR) are rising more than 6% Thursday morning following record growth in monetizable daily active users in the second quarter.
The company’s average monetizable daily active users increased 34% year-over-year to 186 million.
Twitter reported second-quarter adjusted loss of $0.16 per share compared with adjusted earnings of $0.05 per share last year.
Revenue for the quarter decreased 19% year-over-year to $683 million impacted by a decrease in advertising revenue.
Analysts polled by Thomson Reuters were expecting zero earnings on revenue of $707.51 million.
TWTR is currently trading at $39.20. It has traded in the range of $20.00- $45.86 in the past 52 weeks.
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