Twitter Sales, Earnings Beat Consensus, But Stock Falls
Twitter (TWTR) late Tuesday posted Q2 sales and earnings that exceeded Wall Street views, but shares reversed amid concerns about user growth for the microblog, which is still looking for a new permanent CEO. It also moved shares of fellow social networks Facebook (FB) and LinkedIn (LNKD), which report later this week. Twitter stock rose 5% in initial after-hours action, but then reversed to trade down nearly 7% amid continued concerns about