Twilio (TWLO) Q1 earnings report 2023

Twilio shares fell as much as 14% in extended trading Tuesday after the developer of communications software issued a forecast for the second quarter that trailed analysts’ estimates.

Here’s how the company did:

• Earnings: 47 cents per share, adjusted, versus 21 cents per share as expected by analysts, according to Refinitiv.
• Revenue: $1.01 billion, versus $1.00 billion as expected by analysts, according to Refinitiv.

Twilio said adjusted earnings in the second quarter will be 27 cents to 31 cents per share on $980 million to $990 million in revenue, implying 4% to 5% growth. Analysts polled by Refinitiv had been looking for 29 cents in adjusted…