Twitter Shares Halted After Earnings Leak Early, Sending Shares Down 18%

Shares of Twitter (TWTR) were halted on Tuesday, over concerns that the social media giant's first quarter financial results were leaked. Financial intelligence firm Selerity tweeted the results prior to the official release, which was supposed to be posted after the closing bell. Nonetheless, the company reported adjusted earnings per share of 7 cents, beating expectations of 4 cents. As for revenue, sales came in at $436 million, falling short of the $457 million Wall Street was looking for. Revenue is up 74% year-over-year. Its average monthly active users stood at 302 million for the first quarter, an 18% year-over-year increase, and up from 288 million last quarter. TheStreet's Scott Gamm reports from New York.