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


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.”

You can watch Dorsey’s presentation live on the Goldman Sachs website (registration required).


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

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.