Investors were keen to see what Twitter could do in its latest quarter, and it did not disappoint. Shares of the microblogging site surged after the closing bell on Tuesday and they are holding those gains on Wednesday. Shares of Twitter had trended lower since the start of the year. The big questions from analysts have been about user engagement and whether Twitter could maintain its momentum. Twitter saw a big burst of activity given all the soccer fans who were tweeting during June and July during the world cup, 672 million tweets were generated by the event. As of June 30, Twitter said, it had 271 million monthly average users, up from 255 million as of March 31. TheStreet's Ruben Ramirez has details from the Nasdaq Marketsite.

More from Video

10 Seconds to Genius: Lowe's New CEO Marvin Ellison

10 Seconds to Genius: Lowe's New CEO Marvin Ellison

Replay: Jim Cramer on the Markets, Oil, General Electric, Zillow and Micron

Replay: Jim Cramer on the Markets, Oil, General Electric, Zillow and Micron

NYSE's New President: On a Mission to Attract Talent to Wall St.

NYSE's New President: On a Mission to Attract Talent to Wall St.

Pegasystems Founder Explains Why He Has One of the Hottest Tech Stocks Around

Pegasystems Founder Explains Why He Has One of the Hottest Tech Stocks Around

10 Seconds To Genius: Facebook

10 Seconds To Genius: Facebook