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Twilio's Stock Craters 27% On Poor Guidance

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Twilio's Stock Craters 27% On Poor Guidance
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Shares of Twilio Inc (NYSE: TWLO) traded down more than 25 percent in Tuesday’s after-hours session.

The company released first quarter results and delivered a top and bottom line beat.

  • A net loss of $(0.04) per share was $0.02 smaller than expected.
  • Revenue of $87.37 million, up 47.2 percent year-over-year, came in $3.77 million ahead of the Street’s consensus.
  • Management guided for a second quarter net loss of $(0.11) to $(0.10) per share, versus consensus of ($0.09). Sales are expected in the $85.5 million to $87.5 million range, below estimates of $87.8 million.
  • For the full year, the company sees a net loss of $(0.30) to $(0.27) per share on revenue of $356 million to $362 million. This compares to the Street’s consensus of $(0.16) per share and $370.1 million, respectively.

Shares of Twilio traded recently at $24.61, down 27 percent in the after-hours session. Read the full press release here.

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