Twilio Q2 EPS $0.54 Beats $0.29 Estimate, Sales $1.04B Beat $984.52M Estimate
Portfolio Pulse from Benzinga Newsdesk
Twilio reported Q2 earnings of $0.54 per share, beating the analyst consensus estimate of $0.29 by 86.21%. This is a 590.91% increase over losses of $(0.11) per share from the same period last year. The company also reported quarterly sales of $1.04 billion, beating the analyst consensus estimate of $984.52 million by 5.64%. This is a 10.24% increase over sales of $943.35 million the same period last year.
August 08, 2023 | 8:06 pm
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POSITIVE IMPACT
Twilio's Q2 earnings and sales beat estimates, which could lead to a positive market reaction.
Twilio's Q2 earnings and sales exceeded analyst estimates, which is typically viewed positively by the market. The significant increase in earnings and sales YoY also indicates strong growth, which could further boost investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100