Twilio Stock Is Trading Higher Thursday: What's Going On?
Portfolio Pulse from Adam Eckert
Twilio Inc (NYSE:TWLO) shares are trading higher after the company reported better-than-expected Q3 financial results. The company reported revenue of $1.03 billion, beating the consensus estimate of $989.28 million, and earnings of 58 cents per share, beating analyst estimates of 35 cents per share. Twilio also reported an increase in active customer accounts and has repurchased $620 million in stock from its $1 billion buyback announced in February. The company expects Q4 revenue to be between $1.03 billion and $1.04 billion.
November 09, 2023 | 1:59 pm
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Twilio's better-than-expected Q3 results and stock repurchase could lead to a short-term increase in its stock price.
Twilio's better-than-expected Q3 results and the repurchase of $620 million in stock could increase investor confidence, leading to a short-term increase in its stock price.
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