3rdPartyFeeds News

Earnings Results: Twilio stock dives 13% after weak earnings guidance, COO’s announced departure

Twilio reported a third-quarter loss of $224.1 million, or $1.26 a share, on sales of $740.2 million, up from $448 million a year ago. After adjusting for stock compensation and other factors, Twilio reported a profit of a penny a share, worse than adjusted earnings of 4 cents a share a year ago. Read More...

Twilio Inc. shares plunged late Wednesday after it projected a holiday loss double what analysts expected and announced the departure of its chief operating officer, even as the software company continued to post strong sales gains.

For the fiscal fourth quarter, Twilio TWLO projected an adjusted loss of between 23 cents and 26 cents a share on sales of $760 million to $770 million. Analysts on average were projecting an adjusted loss of 10 cents a share on sales of $745 million, according to FactSet.


Read More