Twilio Inc TWLO announced preliminary results for the third quarter that came in above the Street estimates.
The company expects net loss per share of $0.14-$0.15 for the third quarter, narrower than a loss per share of $0.70 in the year-ago quarter. On an adjusted basis, the company sees loss per share of $0.04-$0.05, which is smaller than analysts' estimate of $0.09 loss per share.
Twilio indicated revenue range of $70.25-$71.25 million for the third quarter, which is better than the Street analysts' predictions of $64.37 million. In the previous year period, the company delivered $44.3 million revenue.
While expecting gross margin of 56 percent, the company sees operating margin of -17 percent, narrower than -20 percent recorded in the prior year period.
Following this, the stock traded up by $0.96, or 1.85 percent, to $52.98; it had traded up more than 4 percent. The stock fell more than 14 percent on Monday.
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