World News – CA – Twilio shares goal of increased revenue

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Twilio (TWLO) – Shares of Get Report rose sharply on Thursday after hours after the company said in an SEC filing that its earnings for the quarter just ended will be more high than expected

The company said in an SEC filing that it « expects the company’s total revenue for the quarter ended Sept. 30, 2020 will be ahead of the company’s previously issued forecast of $ 401 million to $ 406 million « 

Twilio was expected to report revenue of $ 4046 million for the quarter, based on FactSet survey of 25 analysts

Shares of Twilio rose $ 23.99, or 93%, to $ 280.90 in after-hours trading In Thursday’s regular session, the stock rose 4%

In comments on the company’s Investor Day with analysts, CEO Jeff Lawson said Twilio customers have quickly adapted to Covid, using its tools to build new apps and tools to differentiate themselves from their competitors

« We see a tremendous opportunity to play the long game here when it comes to customer engagement, » Lawson told analysts on the call.

Elsewhere, among notable cloud-based small and mid-cap stocks, 18 rose while two fell, Thursday ANGI Homeservices (ANGI) – Get report winners, up $ 1 20 or 1077%, to 12 $ 29

The Global X Cloud Computing ETF (CLOU) – Get Report rose 47 cents, or 197%, to $ 24.36

The first Trust Cloud Computing (SKYY) ETF – Get Report rose 92 cents, or 117%, to $ 79.41

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Twilio, Stock, NYSE: TWLO, Revenue

World News – CA – Twilio Shares Rising Revenue Forecast


SOURCE: https://www.w24news.com

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