Twitter Beats Estimates as Revenue Jumps 61 Percent

Twitter revenue beats Wall Street estimates.
Twitter revenue beat Wall Street estimates. Robert Galbraith/Reuters

(Reuters) - Twitter Inc reported better-than-expected quarterly revenue as the micro-blogging website operator's push to boost advertising income paid off.

Revenue rose 61 percent to $502.4 million.

The company's net loss narrowed to $136.7 million, or 21 cents per share, in the second quarter ended June 30 from $144.6 million, or 24 cents per share, a year earlier.

Excluding items, Twitter earned 7 cents per share.

Analysts on average had expected Twitter to earn 4 cents per share on revenue of $481.3 million, according to Thomson Reuters I/B/E/S.

Twitter's shares rose 3 percent in extended trading on Tuesday.