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. Excluding items, the company earned 13 cents per share, beating the average estimate of 9 cents, according to Thomson Reuters I/B/E/S. The company is "more disciplined about how we invest in the business" and intends to be profitable in 2017, said Chief Financial Officer Anthony Noto. Among its prio