Twitter beats estimates, cuts jobs with eye on 2017 profitability

Twitter Inc said Thursday it would cut 9 percent of its global workforce to keep costs down as the microblogging service reported quarterly results that beat Wall Street expectations, lifting shares. Total advertising revenue of $545 million grew 6 percent year-over-year. Excluding items, the company earned 13 cents per share, beating the average estimate of 9 cents, according to Thomson Reuters I/B/E/S. "We're getting more disciplined about how we invest in the business, and we set a company go