Twilio Stock Is Taking Off After Hours: What's Going On?
Portfolio Pulse from Adam Eckert
Twilio Inc's Q2 revenue increased 10% YoY to $1.04 billion, beating the consensus estimate of $984.52 million. The company reported quarterly earnings of 54 cents per share, surpassing analyst estimates of 29 cents per share. Twilio's active customer accounts increased to over 304,000 as of June 30, up from 275,000 YoY. The company expects Q3 revenue to be between $980 million and $990 million, with earnings expected to be between 33 and 37 cents per share.
August 08, 2023 | 8:18 pm
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POSITIVE IMPACT
Twilio's Q2 results beat estimates, which led to a rise in its stock price. The company's Q3 revenue and earnings expectations are also positive.
Twilio's Q2 results exceeded expectations, which is a positive signal for investors and can lead to a rise in the stock price. The company's positive Q3 expectations could also contribute to a further increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100