Bullish options bets on Google set to pay off big

Some bullish bets on Google Inc’s shares, placed ahead of its second-quarter results on Thursday, look set to reap big profits with the shares up 9.5 percent in trading after the bell. Headed into the earnings report, trading in Google’s call options, usually used for bullish bets on the shares, were unusually active. Calls on Google shares rising above $600, $620 and $630 by Friday were among the most heavily traded Google options contracts over the last two days.

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Selerity reveals Twitter results ahead of schedule

(Reuters) – Micro-blogging website Twitter Inc had lower-than-expected quarterly revenue, according to market data firm Selerity, which revealed the earnings numbers before the company's scheduled announcement. Twitter, which allows users to broadcast 140-character messages, had revenue of $436 million in the first quarter, according to Selerity. Excluding items, the company earned 7 cents per share, Selerity said on its Twitter page

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