What's Going On With Twilio Stock After Hours? - Twilio (NYSE:TWLO)

Twilio Inc (NYSE: TWLO) shares are down more than 15% in Thursday's after-hours session after the company reported strong quarterly results, but issued top-line guidance below analyst estimates.

Twilio said third-quarter revenue increased 33% year-over-year to $983 million, which beat average analyst estimates of $972 million, according to Benzinga Pro. The cloud-based customer engagement company reported a quarterly net loss of 27 cents per share, which beat average analyst estimates for a loss of 36 cents per share.

"Like many companies, we are facing some short-term headwinds, but the long-term opportunity remains strong as companies continue building their customer engagement strategies, become more efficient, and aim to build better and more personalized relationships with their customers," said Jeff Lawson, co-founder and CEO of Twilio.

Twilio expects fourth-quarter revenue to be between $995 million and $1.005 billion versus average estimates of $1.07 billion. The company expects a fourth-quarter adjusted net loss between 6 cents and 11 cents per share versus average estimates for a loss of 12 cents per share.

TWLO Price Action: Twilio has a 52-week high of $266.74. It's making new 52-week lows on Thursday.

The stock was down 16.1% in after hours at $55 at the time of writing.

Photo: Web Summit from Flickr.

TWLOTwilio Inc

$196.552.60%

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