Twilio Q1 Earnings: Revenue Beat, EPS Beat, Buyback Update And More
Portfolio Pulse from Adam Eckert
Twilio Inc (NYSE:TWLO) reported Q1 earnings with a revenue increase of 4% year-over-year to $1.05 billion, surpassing estimates. EPS was 80 cents, beating the 60 cents forecast. The company announced a $1 billion buyback in February and added $2 billion in March, with $1.5 billion already repurchased. Twilio expects Q2 revenue between $1.05 billion and $1.06 billion and adjusted EPS of 64 to 68 cents. Full-year 2024 revenue growth is projected at 5% to 10%. Shares fell 5.98% after hours to $59.58.
May 07, 2024 | 8:39 pm
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NEGATIVE IMPACT
Twilio reported a strong Q1 with revenue and EPS beats, a significant share buyback program, and optimistic future revenue projections. However, shares dropped after hours.
Despite Twilio's positive earnings report and aggressive share buyback announcement, the immediate after-hours stock price reaction was negative. This suggests that market expectations might have been higher or that other factors influenced the stock's short-term performance. The long-term outlook remains positive with expected revenue growth.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100