Twilio Inc. recovered from the loss of Uber Technologies Inc., one of its biggest customers, to produce better financial performance than expected in the second quarter, and shares roared 12% higher in late trading Monday. The cloud-communications company reported a net loss of $7.1 million, or 8 cents a share, on revenue of $95.9 million, an improvement from a loss of 45 cents a share on sales of $64.5 million a year before. After adjustments for stock-based compensation and other effects, Twilio claimed a loss of 5 cents a share. Twilio beat its own estimates, which called for an adjusted loss of 10 to 11 cents a share, and analyst projections, which were for an adjusted loss of 11 cents a share on revenue of $86.2 million on average, according to FactSet. Twilio suffered after its previous earnings report, which included a weak forecast after the loss of Uber, which accounted for 12% of the company's revenue but chose to move some of the functions for which it relied on Twilio into the company's own operations. After topping that weak forecast, Twilio shares topped $34 in late trading, after closing with a 4.6% gain at $30.53.
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