San Francisco: Twitter Inc. heads toward its quarterly earnings report on Thursday with a stock that has risen more than 40% since April when much of Wall Street was ready to write off the technology company. The company’s share price popped after its most recent earnings report in April, when Twitter disclosed better-than-expected user growth. Twitter has then said it had 328 million users. Twitter shares closed on Tuesday at $19.97, nearly flat on the day, but up 41.4% since its stock hit an intra day low of $14.12 on 17 April. The business is expected to report quarterly revenue of $536.6 million, according to a Thomson Reuters I/B/E/S forecast average.

Source: Mint July 26, 2017 09:00 UTC