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Square, Inc.

Twitter stock soars after beating Wall Street's expectations in the second quarter

SAN FRANCISCO Twitter's uphill battle with Wall Street got a little easier Tuesday. The company released quarterly earnings and sales from April to June that beat expectations from investors. Twitter reported sales of $502 million, up 61 percent from the same period last year. This surpassed the $481.28 million in revenue analysts surveyed by Thomson Reuters expected the company to report. Still, Twitter posted a loss of 21 cents per share in the second quarter, but it was better than the loss of 27 cents per share that analysts estimated. Excluding certain expenses, the company earned 7 cents per share. Analysts expected earnings of 4 cents per share. The company's stock...