Twilio shares are trading lower after the company reported Q1 financial results and issued soft Q2 revenue guidance.
Portfolio Pulse from Benzinga Newsdesk
Twilio's stock price declined following the announcement of its Q1 financial results and the provision of weaker than expected revenue guidance for Q2.
May 08, 2024 | 10:09 am
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Twilio's shares fell due to disappointing Q2 revenue guidance despite reporting Q1 financial results.
The decline in Twilio's stock price is directly related to the company's soft revenue guidance for the upcoming quarter. This guidance likely raised concerns among investors about the company's future revenue growth, leading to a negative short-term impact on the stock price.
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