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.
All posts made on this website are provided for information purposes only. None of the information here is intended as investment advice, as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any security, Company, or fund. Before making an investment decision, you should seek the advice of a qualified and registered securities professional. Candlr is not receiving payment or commissions from companies for shared content on Candlr website unless its specified. View full disclaimer HERE.