Shares of Twitter Inc (NYSE:TWTR) were trading higher by more than 11 percent early Wednesday morning after the social media company reported its first quarter results.
Twitter said it earned $0.11 per share in the first quarter on revenue of $548.25 million; Analysts were expecting the company to earn one cent per share on revenue of $511.91 million.
Non-GAAP net income for the quarter fell 20 percent from a year ago to $82 million, while adjusted EBITDA fell 6 percent to $170 million and the company reported an adjusted EBITDA margin of 31 percent.
Here are some of the notable highlights from Twitter's first quarter:
The stock traded recently at $16.28, up 10.9 percent in the pre-market session.
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