Twilio stock explodes higher after big earnings beat
— 4:19 PM ET 11/06/2018
Twilio Inc. (TWLO) shares added to a tremendous year Tuesday afternoon after a big earnings beat led to big gains. The application-software company reported a net loss of $27.1 million on revenue of $168.9 million, up from revenue of $ 100.5 million in the same quarter last year. After adjusting for stock-based compensation and other factors, the company claimed a profit of 7 cents a share, up from an adjusted loss of 8 cents a share a year ago. That performance destroyed expectations, as analysts on average projected adjusted earnings of 3 cents a share on sales of $151.6 million, according to FactSet, after Twilio (TWLO) projected adjusted profit of 2 cents to 3 cents a share on sales of $150 million to $ 152 million. Twilio (TWLO) shares jumped more than 10% in immediate after-hours trading. The stock had tripled on the year before losing 1.1% in Tuesday’s regular trading session, as the S&P 500 index has gained 2.4%.
-Jeremy C. Owens; 415-439-6400; AskNewswires@dowjones.com
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Twilio Announces Third Quarter 2018 Results
Q3 Total Revenue of $168.9 million, up 68% year-over-year
Q3 Base Revenue of $154.3 million, up 68% year-over-year
Q3 Dollar-Based Net Expansion Rate of 145% SAN FRANCISCO–(BUSINESS WIRE)–November 06, 2018–
Twilio (TWLO) , the leading cloud communications platform, today reported financial results for its third quarter ended September 30, 2018.
“We’re thrilled to report yet another strong quarter for revenue growth, product innovation, and customer success in Q3,” said Jeff Lawson, Twilio’s (TWLO) Co-Founder and Chief Executive Officer. “There are several key issues on the minds of many companies today – creating seamless omni-channel experiences, ensuring enterprise compliance, and utilizing Artificial Intelligence and bots to create better customer experiences. At our SIGNAL conference in October, we were proud to announce products aimed at helping our customers solve these pressing challenges.”