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Jim Cramer Surprised by Twitter's Addition of Active Users

Jim Cramer comments on Twitter's latest quarterly results.
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TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer says Twitter's (TWTR) - Get Report latest quarterly results are better than he expected, citing an increase in daily active users. The company announced plans to trim staff by 9%, but Cramer doesn't think it will hurt profitability because the company isn't laying off developers. Twitter reported revenue of $616 million, beating estimates of $606 million. Earnings of $0.13 a share, eclipsed Wall Street's expectations of $0.09. Its monthly active users rose 3% year over year to 317 million. 

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