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.

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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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