Twilio Inc
TWLO,
-179%
Shares initially rose 4% after hours on Monday after the communications software developer reported fiscal third quarter revenue to exceed Wall Street estimates Twilio reported a loss of $ 116.9 million, or 79 cents per share, compared to a loss of $ 87 million, or 64 cents per share, in last year’s quarter Twilio reported an adjusted loss of 4 cents per share increased 52% to $ 447 9 million from $ 295 1 million a year ago The overall strength of business operations, led by gains in vertical markets such as healthcare and financial services, contributed to the rise in income, Twilio CFO Khozema Shipchandler told MarketWatch after the results were announced Analysts polled by FactSet expected a net loss of 4 cents per share on revenue of $ 407 million Twilio shares are up 206% this year as the company continues to benefit from an economy plagued by the coronavirus pandemic Wider S&P 500 Index
SPX,
-185%
improved by 5% in 2020
Three months ago, the biggest names in Big Tech participated in a congressional hearing to be reprimanded by politicians for their commercial dominance, then marched outside Wall Street a day later to be acclaimed for their dominance financial Someone must have liked this, because it’s about to happen again
Jon Swartz is a senior reporter for MarketWatch in San Francisco, covering many major tech players including Netflix, Facebook and Google Jon has covered tech for over 20 years and previously worked for Barron’s and USA Today Follow him on Twitter @jswartz
By using this site, you agree to the
Subscription contract & conditions of use updated on 22/10/2020
Privacy Notice and
Cookie Notice
Intraday data provided by FACTSET and subject to the terms of use
Historical and current end of day data provided by FACTSET
All references are local to the hour in progress
Real-time last sale data for US Stock prices only reflect transactions reported through the Nasdaq
Intraday data delayed by at least 15 minutes or as per exchange requirements
Twilio, Stock, NYSE: TWLO, Revenue, New York Stock Exchange
World news – United States – Twilio shares climb 4% on better-than-expected earnings
SOURCE: https://www.w24news.com
