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Shares of cloud communications software builder Twilio jumped as much as 29% after the company issued fourth-quarter results and quarterly revenue guidance that sped past expectations.
Here’s how the company did:
- Earnings: Loss of 20 cents per share, vs. loss of 22 cents per share as expected by analysts, according to Refinitiv.
- Revenue: $842.7 million, vs. $767.8 million as expected by analysts, according to Refinitiv.
Revenue increased 54% year over year, compared with 65% growth in the third quarter, according to a statement.
With respect to guidance, Twilio called for a first-quarter adjusted net loss of 26 cents to 22 cents per share on $855 million to $865 million in revenue, which…
Source cnbc.com
