Twilio Stock Soared 17% in Premarket Trading

Tiger Newspress2022-02-10

Twilio stock soared 17% in premarket trading as earnings, sales top analyst estimates.The company (TWLO), whose software lets companies converse with customers through text messages, reported a fourth-quarter loss of $291.4 million, or $1.63 a share, on sales of $842.7 million, up 54% from $548.1 million a year ago. After adjusting for stock compensation and other factors, Twilio reported a loss of 20 cents a share.

Analysts on average were expecting an adjusted loss of 20 cents a share on sales of $773 million, according to FactSet. Twilio shares closed up 2% at $202.04.

"Our fourth quarter capped off an amazing year of results as we delivered more than $2.8 billion in revenue for the year, growing 61% year-over-year," Twilio Chief Executive Jeff Lawson said in a statement announcing the results.

Twilio offered first-quarter revenue guidance of $855 million to $865 million. Analysts polled by FactSet are forecasting $806 million.

Twilio shares have struggled amid concerns about second-half growth rates, falling 53% in the past 12 months while the S&P 500 index SPX has improved 17%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Leave a comment
5