Twilio Reports Surprise Q3 Profit; Shares Plunge
October 28 2021 - 09:42AM
TipRanks
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.
https://www.tipranks.com/news/twilio-reports-surprise-q3-profit-shares-plunge?utm_source=advfn.com&utm_medium=referral
Twilio (NYSE:TWLO)
Historical Stock Chart
From Apr 2022 to May 2022
Twilio (NYSE:TWLO)
Historical Stock Chart
From May 2021 to May 2022