Twilio (TWLO) reported a surprise profit in the third quarter of 2021. Additionally, revenues beat analysts’ expectations. Shares of the cloud communications platform slumped in the extended trading session on Wednesday, following the company’s disappointing Q4 earnings guidance. The company reported adjusted earnings of $0.01 per share against the Street’s loss estimate of $0.14 per share. Twilio had posted adjusted earnings of $0.04 per share in the same quarter last year. Total revenue generated in the quarter amounted to $740.2 million, topping expectations of $680.5 million. Markedly, revenues jumped 65% from the prior-year quarter. On a year-over-year basis, the Twilio segment contributed $52.
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Twilio (NYSE:TWLO)
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