Twitter is surging ahead of CEO Jack Dorsey's Goldman Sachs presentation (TWTR)

pulse

February 13, 2018 7:32 PM

It's a much needed boost for the social network.

The social-media company last week reported better-than-expected earnings that sent share prices soaring.

Shares of Twitter gained more than 8% ahead of CEO Jack Dorsey’s presentation at a Goldman Sachs technology conference in San Francisco Tuesday afternoon.

He’s scheduled to take the stage at 3:30 p.m. ET.

It’s not clear what the subject of Dorsey’s presentation will be, but he’s likely to set an optimistic tone following the social network’s first-ever corporate profit last week.

Twitter’s stock price is up 22.3% since the company reported earnings that beat Wall Street’s expectations. The big boost came despite Twitter saying active user growth was flat.

It’s a "solid step down the road to recovery," a BMO Capital Markets analyst told clients after the earnings beat. "If Twitter can keep costs in check, we believe the story could become more interesting as top-line pressures fade."

Follow Twitter’s stock price in real-time here>>

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