Movement Alert｜Twilio Falls 18.11% in Pre-Market Trading, Q3 Beat Overshadowed by Slowing Q4 Revenue Growth Outlook

Market Focus16:12

On October 30, Twilio fell 18.11% in Pre-Market Trading to $198.2 per share, with turnover of $339.8 thousand.

The move followed the company’s latest earnings release: third-quarter results exceeded market expectations, but the fourth-quarter revenue outlook pointed to a marked slowdown in growth, weighing on sentiment.

Twilio reported adjusted EPS of $1.65 on revenue of $1.56 billion for the third quarter, above consensus expectations of $1.47 and $1.52 billion. For the fourth quarter, it guided to adjusted EPS of $1.48 to $1.53 and revenue of $1.60 billion to $1.61 billion, versus expectations of $1.49 and $1.58 billion. The company also raised its full-year adjusted operating income outlook to $1.19 billion to $1.20 billion from $1.135 billion to $1.155 billion, but the market reaction centered on the expected deceleration in top-line growth.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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