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Twitter stock falls 10% on weak sales

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Despite a boost in active monthly users, Twitter reported quarterly sales of $602 million, below Wall Street estimates of $608 million.

Users hit 313 million during the quarter ended June 30, up by three million from the previous quarter.

The company also is projecting sales of $590 million to $610 million for the upcoming quarter, falling far below estimates of $682 million.

The company's stock fell 10 percent in after-hours trading.

Read more from CNNMoney.

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