Twitter topped analysts’ average sales estimates in the fourth quarter and for the first time posted a real profit. The company topped analysts’ average sales estimates in the fourth quarter and for the first time posted a real profit, a milestone in chief executive officer Jack Dorsey’s turnaround effort. Shares jumped as much as 9.5% in one day last month amid renewed speculation that the company may be an acquisition target. Twitter said daily active users (DAU) increased 12% from a year earlier, marking its fifth consecutive quarter of double-digit increases. The change is encouraging publishers and online advertisers to increase investment on Twitter, according to some analysts.

Source: Mint February 08, 2018 12:56 UTC