Twilio Inc.’s stock wildly fluctuated in frenzied trading Wednesday after the company issued cautious revenue guidance on better-than-expected results.
Shares of Twilio TWLO, +5.50% initially plunged 18% before climbing 9% and then falling back to up 1% in whip-saw extended trading Wednesday after the customer-engagement technology company reported fiscal first-quarter revenue and earnings that surpassed Wall Street analysts’ forecasts.
“We carried our momentum into 2022 and delivered another strong quarter to start the year, with first-quarter revenue coming in at $875 million, representing 48% year-over-year growth,” Twilio Chief Executive Jeff Lawson said in a statement.
Twilio announced a net loss of $221.6 million, or $1.23 a share, compared with a net loss of $206.5 million, or $1.24 a share, in the year-ago quarter. Adjusted earnings were break-even, at 0 cents a share.
Revenue jumped 48% to $875.4 million from $589.9 million a year ago.
Analysts surveyed by FactSet had expected a net loss of 21 cents a share on revenue of $864 million.
WOW! What a roller-coaster post-market! Glad I bought several calls though, will see how it plays out.
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