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Twitter ad sales surge in third quarter, shares jump

NEW YORK: Twitter posted revenue and profit ahead of Wall Street estimates on Thursday, as higher advertising sales offset a drop in monthly users to push the company‚Äôs shares up nearly 12 percent before the opening bell. Quarterly advertising revenue jumped 29 percent from a year earlier to $650 million, boosted by advertiser interest in broadcasts from media companies including Live Nation Entertainment, Major League Baseball and Major League Soccer. That drove a similar rise in overall revenue from a year earlier to…