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Twitter shares tumble after user growth disappoints

Investing.com -

Investing.com - Twitter shares sold off in pre-market trade on Thursday, after the social media company reported disappointing user growth numbers, despite beating estimates on both the top and bottom line for the second quarter.

Twitter posted earnings of 12 cents per share and revenue of $574 million compared to expectations of EPS of 5 cents and $536.7 million of revenue.

Monthly active users came in at 328 million, below the 329 million expected.

Monthly active users is a key performance indicator for social networking services - typically calculated by taking the number of users who have logged in and logged out during the 30-day period.

Shares of Twitter (NYSE: TWTR ) traded at $18.21, down 7.14% from Wednesday's closing price of $19.61.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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