Twilio Inc. shares dropped more than 2% in after-hours trading Wednesday after the company topped expectations with its latest results but projected a loss for the first quarter and the year ahead, whereas analysts were modeling positive adjusted earnings. The company posted a net loss of $90.2 million, or 66 cents a share, compared with $47.2 million, or 47 cents a share, in the year-prior quarter. Twilio recorded adjusted earnings per share of 4 cents, in line with a year earlier but ahead of the 1-cent FactSet consensus. Revenue rose to $331.2 million from $204.3 million, while analysts had been modeling $313 million. The company delivered an upbeat revenue forecast for the current quarter but projects a per-share loss, whereas analysts had been calling for positive earnings. Twilio's first-quarter forecast is for $335 million to $338 million in revenue and an adjusted per-share loss of 9 cents to 11 cents. The FactSet consensus was for $328 million in revenue and adjusted EPS of 4 cents. Twilio also projects a per-share adjusted loss of 14 cents to 20 cents for the full year, while the FactSet consensus had been modeling 22 cents in adjusted EPS. Twilio shares have surged 39% over the past three months as the S&P 500 has added about 8%. Read More...
Twilio Inc. shares dropped more than 2% in after-hours trading Wednesday after the company topped expectations with its latest results but projected a loss for the first quarter and the year ahead, whereas analysts were modeling positive adjusted earnings. The company posted a net loss of $90.2 million, or 66 cents a share, compared with $47.2 million, or 47 cents a share, in the year-prior quarter. Twilio recorded adjusted earnings per share of 4 cents, in line with a year earlier but ahead of the 1-cent FactSet consensus. Revenue rose to $331.2 million from $204.3 million, while analysts had been modeling $313 million. The company delivered an upbeat revenue forecast for the current quarter but projects a per-share loss, whereas analysts had been calling for positive earnings. Twilio’s first-quarter forecast is for $335 million to $338 million in revenue and an adjusted per-share loss of 9 cents to 11 cents. The FactSet consensus was for $328 million in revenue and adjusted EPS of 4 cents. Twilio also projects a per-share adjusted loss of 14 cents to 20 cents for the full year, while the FactSet consensus had been modeling 22 cents in adjusted EPS. Twilio shares have surged 39% over the past three months as the S&P 500 has added about 8%.
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