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Earnings Results: Twitter earnings: more revenue from declining user base

An earlier version of this article misstated the number of monthly active users Twitter reported in the third quarter. It has been updated.

Getty Images for Thurgood Marshall College Fund
Twitter stock soared after the company released third-quarter earnings.

Twitter Inc. revenue continued to grow as the company managed to squeeze more revenue from a user base that has declined for a second quarter in a row due to fake account purges.

Twitter TWTR, +15.45% stock soared roughly 16% in early trade Thursday.

Sales grew 29% to $758 million in the third quarter compared with the year-earlier quarter, well above analyst expectations of $701 million.

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