Twitter beats estimates but growth slows

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Twitter beat Wall Street's financial estimates, but fell short of expected growth in number of people using the popular social media platform.

Shares of Twitter dropped more than 7% to $39.63, following release of its earnings after the market close. The San Francisco-based company reported that monthly active users came in at 255 million, a 25% year-over-year increase but below expectations.

Twitter announced earnings per share of $0.00 and revenue of $250 million, beating expectations of $0.03 earnings per share and revenue of $241.7 billion, according to estimates from S&P Capital IQ.

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