Twilio Stock Is Tumbling Thursday: What's Going On?
Portfolio Pulse from Adam Eckert
Twilio Inc (NYSE:TWLO) shares dropped after reporting Q4 results, despite beating revenue and EPS estimates. The company's Q4 revenue was $1.08 billion and EPS was 86 cents, surpassing expectations. Communications revenue increased by 5% year-over-year, and Segment revenue grew by 4%. Twilio is reviewing its Segment business for better execution and growth. Active customer accounts rose to over 305,000. Q1 revenue and adjusted earnings forecasts are below analyst expectations. Northland Capital Markets downgraded Twilio to Market Perform with a $66 price target.
February 15, 2024 | 1:46 pm
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Twilio Inc shares dropped following Q4 earnings report, despite beating revenue and EPS estimates. The company's Q1 forecasts are below analyst expectations, leading to a downgrade by Northland Capital Markets.
Despite Twilio beating Q4 revenue and EPS estimates, its shares fell due to its Q1 revenue and adjusted earnings forecasts being below analyst expectations. This negative outlook, compounded by a downgrade from Northland Capital Markets, likely contributed to the stock's decline.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100