Twilio Stock Moves Higher On Strong Q3 Earnings, Company Highlights Ability To Be 'Winner In The Age Of AI'
Portfolio Pulse from Adam Eckert
Twilio Inc (NYSE:TWLO) shares rose after reporting strong Q3 earnings, with revenue and EPS surpassing estimates. The company highlighted its strategic position in AI and plans to complete a $3 billion stock buyback by year-end.
October 30, 2024 | 9:30 pm
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Twilio reported Q3 revenue of $1.13 billion and EPS of $1.02, both exceeding estimates. The company is focusing on AI-driven innovation and plans to complete a $3 billion stock buyback by year-end.
Twilio's strong Q3 performance, exceeding both revenue and EPS estimates, is a positive indicator for investors. The company's focus on AI and a significant stock buyback plan further enhance its attractiveness, likely driving the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100