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Twitter posts first quarterly net profit

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Twitter Inc. has done something it has never done before. It turned a quarterly profit.

Earnings rose to $91.1 million, or 12 cents per share, from a loss of $167.1 million, or 23 cents per share, a year earlier.

Revenue rose 2 percent to $731.6 million, marking the first increase since fourth-quarter 2016.

Read more from Reuters.

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