Let's take a quick break from US economic data to look at Twitter (TWTR) earnings

Let's take a quick break from US economic data to look at Twitter (TWTR) earnings. The micro-blogging giant is an important company to follow because it provides a good litmus test of investor sentiment towards social media (especially since TWTR doesn't turn a profit). That being said, the stock soared yesterday after a very positive earnings report. TWTR generated $312 million in revenue compared to the $283 projected by analysts. More importantly, 81% of the revenue came from the essential mobile ad channel. Moreover, Twitter reported 271 million monthly average users. That's more than 266 million expected and a 24% increase from last year at this time. Yes, the company is losing money and got a big boost from the non-recurring World Cup. However, it's hard to not be optimistic about the better than expected results. (VIEW LINK)