Twilio (NYSE: TWLO) up 35% After Beating Expectations on Results and its Guidance

INNO

 CNBC reported Twilio’s earnings.

  • Twilio beat expectations on results and its guidance for the current quarter.
  • The company withdrew full-year guidance.

Twilio shares were up as much as 25% in extended trading on Wednesday after the company reported first-quarter results and quarterly guidance that surpassed analysts’ estimates. The company’s shares exceeded the $149.95 record close from July 2019.

The company reported:

  • Earnings: 6 cents per share, adjusted
  • Revenue: $364.9 million

Revenue grew 57% on an annualized basis, down from 62% growth in the prior quarter.

Source: CNBC

 

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