Shares of Twilio Inc. 3.2% toward a 10-month low in morning trading Monday, after the chat software company disclosed a "calculation error" that led it to lower its full-year profit outlook for a second time in less than a week. In a filing with the Securities and Exchange Commission, the company said it now expects 2019 adjusted earnings per share of 12 cents to 13 cents, compared with the FactSet consensus of 14 cents. Last Thursday, the stock plummeted 10.3% after Twilio reported late-Wednesday third-quarter earnings that beat expectations but provided a downbeat outlook, cutting its 2019 adjusted EPS guidance range to 16 cents to 17 cents from 17 cents to 18 cents. The stock, which is now on track to close at the lowest level since Jan. 4, has plunged 29.7% over the past three months, while the S&P 500 has gained 5.0%. Read More...
Shares of Twilio Inc. 3.2% toward a 10-month low in morning trading Monday, after the chat software company disclosed a “calculation error” that led it to lower its full-year profit outlook for a second time in less than a week. In a filing with the Securities and Exchange Commission, the company said it now expects 2019 adjusted earnings per share of 12 cents to 13 cents, compared with the FactSet consensus of 14 cents. Last Thursday, the stock plummeted 10.3% after Twilio reported late-Wednesday third-quarter earnings that beat expectations but provided a downbeat outlook, cutting its 2019 adjusted EPS guidance range to 16 cents to 17 cents from 17 cents to 18 cents. The stock, which is now on track to close at the lowest level since Jan. 4, has plunged 29.7% over the past three months, while the S&P 500 has gained 5.0%.
Read More
Add Comment