Twitter's Stock Surge Set To Break 6-quarter String Of Disappointing Results

Shares of Twitter Inc. soared in premarket trade Thursday on the back of third-quarter, a welcome change for investors following a 1 1/2-year string of disappointing results. The stock had dropped sharply on the day following the past six quarterly results, by an average of 10%. The stock shot up 5.2% ahead of the open. Volume spiked to 2.2 million shares, about an hour after results were released, compared with a full-day average of about 45.2 million shares. The stock has tumbled 25% year to date through Wednesday, while the S&P 500 has gained 4.7%.