Twitter's sales and profit up, but shares plunge 11% on user growth numbers

October 27, 2015 9:02 PM

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Despite better-than-expected third-quarter revenue and profit, Twitter's shares were plunging in after-hours trading Tuesday on fresh worries about user growth and a disappointing outlook for the rest of the year.

The San Francisco company reported earnings after the markets closed, revealing that its number of average monthly active users totaled 320 million, up 11% year over year and compared with 316 million in the previous quarter. Analysts had expected 324 million users.

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