diff --git a/wp-includes/formatting.php b/wp-includes/formatting.php
index 4afb487a07..69923584c7 100644
--- a/wp-includes/formatting.php
+++ b/wp-includes/formatting.php
@@ -234,6 +234,11 @@ function wptexturize($text, $reset = false) {
 				_wptexturize_pushpop_element( $curl, $no_texturize_tags_stack, $no_texturize_tags );
 			}
 
+		} elseif ( '' === trim( $curl ) ) {
+			// This is a newline between delimeters.  Performance improves when we check this.
+
+			continue;
+
 		} elseif ( '[' === $first && 1 === preg_match( '/^\[(?:[^\[\]<>]|<[^>]+>)+\]$/', $curl ) ) {
 			// This is a shortcode delimeter.
 
@@ -245,6 +250,8 @@ function wptexturize($text, $reset = false) {
 			// Do not texturize.
 			// Do not push to the shortcodes stack.
 
+			continue;
+
 		} elseif ( empty( $no_texturize_shortcodes_stack ) && empty( $no_texturize_tags_stack ) ) {
 			// This is neither a delimeter, nor is this content inside of no_texturize pairs.  Do texturize.
 
diff --git a/wp-includes/version.php b/wp-includes/version.php
index b81dd90066..6a80cd4605 100644
--- a/wp-includes/version.php
+++ b/wp-includes/version.php
@@ -4,7 +4,7 @@
  *
  * @global string $wp_version
  */
-$wp_version = '4.0-alpha-20140705';
+$wp_version = '4.0-alpha-20140706';
 
 /**
  * Holds the WordPress DB revision, increments when changes are made to the WordPress DB schema.