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ARTICLE

Twitter says it could turn first-ever profit, shares surge

View more from: U.S.

Reuters, 2017: "Twitter Inc (TWTR.N) said on Thursday it may become profitable for the first time next quarter after slashing expenses over the past year and ramping up deals to sell its data to other companies, which could help to break its reliance on advertising for revenue. Twitter has never had a profitable quarter based on generally accepted accounting principles (GAAP), but said it “will likely be GAAP profitable” in the fourth quarter if it hits the high end of its estimates.

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