MOSCOW (Pakistan Point News / Sputnik - 23rd July, 2021) Shares of US microblogging company Twitter jumped by more than 5% at pre-market trading sessions on Friday, after the firm revealed strong financial results for its second quarter of this year.
As of 08:26 GMT, shares of the social networking giant were increasing by 5.4% to $73.29 per share.
Twitter reported on Thursday nearly $134 million in earnings, 20 cents per share, topping analysts' estimates of 7 cents per share. Twitter's revenue jumped 74% year-on-year in the second quarter, marking its fastest growth since 2014.
At close of Thursday trading, Twitter stock increased by 0.04% to $69.57.
