NEWS
04/28/2015 15:59 EDT | Updated 06/28/2015 01:12 EDT

Twitter stock tumbles after earnings results come out before market closes

NEW YORK, N.Y. - Twitter's stock is falling sharply after the company's earnings — due to be released after the stock market closes — came out ahead of time.Trading in its stock was halted Tuesday afternoon after word spread of the premature earnings release. When trading resumed, the stock fell more than 25 per cent.Some reports say the earnings leaked out. Bloomberg News cited research firm Selerity, which tweeted the results and said the report was "sourced" from Twitter's website and was not the result of a "leak" or "hack."The company later posted the results on its website and emailed it to reporters.Its adjusted earnings per share topped Wall Street estimates but revenue fell short of expectations.