World News – CA – Twilio offers weak advice despite third quarter beat

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Shares of Twilio (TWLO) – Get Report fell after a few hours on Monday after the cloud communications platform announced third-quarter results that topped analysts’ estimates, but offered tips that missed expectations

The San Francisco-based company reported third-quarter revenue of $ 448 million, an increase of 52% from the previous year, with earnings of 4 cents per share

Analysts expected the company to report a net loss of 3 cents per share on revenue of $ 40979 million

« Our performance in the third quarter is further proof that Twilio’s platform delivers three things every business needs today: digital communications, software agility and cloud scale, » said CEO Jeff Lawson

For the fourth quarter, Twilio said it expects its revenue to grow 36% to 37% year-over-year, reaching between $ 450 million and $ 455 millionThe company expects a loss per non-GAAP share of between 11 cents and 8 cents per share

Wall Street expects the company to post revenues of $ 43685 million with a profit of one cent per share

« Effective digital engagement is becoming increasingly essential to differentiate the customer experience, and companies across all industries and around the world are choosing Twilio’s customer engagement platform to create these solutions, » said declared Lawson

Earlier this month, Twilio announced that it was purchasing Customer Data Platform Segment for $ 3 billion shares

The combined company will have a total addressable market of $ 79 billion, Twilio said

Twilio shares fell 16% to $ 196 per share after Monday’s trading day was down almost 18%

Cloud stocks were generally lower on Monday The Global X Cloud Computing ETF (CLOU) – Get Report fell 37 cents, or 146%, to $ 2492 as the First Trust Cloud Computing ETF (SKYY) – Get Report fell $ 2.29, or 279%, to $ 79 81

Twilio, NYSE: TWLO, Stock, Earnings, Income

World News – CA – Twilio Offers Weak Advice Despite Third Quarter Beat


SOURCE: https://www.w24news.com

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