Twilio Beats Earnings Expectations In First Report As Public Company

By Caitlin HustonMarketsMarketWatch Pulse

Shares of Twilio Inc. rose 1.25% after hours Monday after the company beat second-quarter earnings expectations in its first report as a public company. Twilio reported a net loss of $10.9 million, or 45 cents per share, compared to a net loss of $9.5 million, or 52 cents per share in the year-earlier period. It reported an adjusted loss per share of 8 cents, compared to the FactSet consensus of a loss of 15 cents. It reported revenue of $64.5 million, up from $37.9 million in the year-earlier period and above the FactSet consensus of $58.2 million. Twilio issued a revenue outlook of $63 million to $65 million for the third-quarter and an adjusted net loss per share of 9 cents to 10 cents. Shares of Twilio have gained 19.6% in the past month, compared to the S&P 500's gain of 2,4%.

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