Shares of Twitter ( TWTR) are up $1.32, or 9%, at $15.92, after the company this morning reported Q1 revenue and earnings per share that comfortably topped analysts’ expectations, with revenue declining even as usage grew.
Revenue in the three months ended in March declined 8%, year over year, to $548 million, yielding EPS of 11 cents.
Analysts had been modeling $513 million and 11 cents a share.
Q1 Rev: $548M, -8% Y/Y; GAAP net loss:$62M; GAAP net loss margin:-11%, adj. EBITDA: $170M w/…