Ron Burgundy Posted October 27, 2016 Share Posted October 27, 2016 Twitter Inc said Thursday it would cut 9 percent of its global workforce to keep costs down as the microblogging service reported quarterly results that beat Wall Street expectations, lifting shares. Excluding items, the company earned 13 cents per share, beating the average estimate of 9 cents, according to Thomson Reuters I/B/E/S. "We're getting more disciplined about how we invest in the business, and we set a company goal of driving toward GAAP profitability in 2017," said Chief Financial Officer Anthony Noto. Twitter, which has seen user growth stall amid competition from nimbler rivals such as Instagram and Snapchat, said its user base ticked up 3 percent to 317 million average monthly active users in the quarter. View the full article Quote Link to comment Share on other sites More sharing options...
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