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Twilio (TWLO) Posts Q1 Earnings, Shares Plunge 27% on Weak Outlook
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Twilio Inc. (TWLO - Free Report) just released its first quarter fiscal 2017 financial results, posting earnings of a loss of 4 cents per share and revenues of $87.4 million. TWLO is a #2 (Buy) on the Zacks Rank, and is down 27% to $24.47 per share in after-hours trading after its earnings report was released.
Twilio:
Beat earnings estimates. The company reported non-GAAP earnings of a loss of 4 cents per share, topping the Zacks Consensus Estimate of a loss of 7 cents per share.
Beat revenue estimates. The company saw revenue figures of $87.4 million, surpassing the Zacks estimates of $83.5 million and growing 47% year-over-year. Base revenues came in at $80.6 million, up 62% year-over-year.
Twilio reported 40,696 Active Customer Accounts as of March 31, 2017, compared to 28,648 accounts in the prior-year period.
Looking ahead, Twilio expects total revenues for the second quarter to fall in the range of $85.5 million and $87.5 million, with non-GAAP net loss per share between ($0.11) and ($0.10). For fiscal 2017, the company forecasts revenues in the range of $356 million to $362 million and an adjusted loss between ($0.30) and ($0.27) per share.
“We made continued progress across a number of our key initiatives in the first quarter, delivering further product innovation and adding new customers of all types at a rapid pace around the globe,” said Jeff Lawson, Twilio’s Co-Founder and Chief Executive Officer.
“While we are seeing some changes in the relationship with our largest customer, our momentum across the business continues to be strong, with a 42% year over year growth in Active Customer Accounts and a 62% year over year growth in Base Revenue during the quarter,” Lawson continued.
Here’s a graph that looks at Twilio’s price, consensus, and EPS surprise:
Twilio Inc. provides Cloud Communications Platforms. The Company enables developers to build, scale and operate real-time communications within software applications. Its Programmable Communications Cloud software enables developers to embed voice, messaging, video and authentication capabilities. The Super Network is the software layer which allows its customers' software to communicate with connected devices globally. Twilio Inc. is based in San Francisco, CA.
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Twilio (TWLO) Posts Q1 Earnings, Shares Plunge 27% on Weak Outlook
Twilio Inc. (TWLO - Free Report) just released its first quarter fiscal 2017 financial results, posting earnings of a loss of 4 cents per share and revenues of $87.4 million. TWLO is a #2 (Buy) on the Zacks Rank, and is down 27% to $24.47 per share in after-hours trading after its earnings report was released.
Twilio:
Beat earnings estimates. The company reported non-GAAP earnings of a loss of 4 cents per share, topping the Zacks Consensus Estimate of a loss of 7 cents per share.
Beat revenue estimates. The company saw revenue figures of $87.4 million, surpassing the Zacks estimates of $83.5 million and growing 47% year-over-year. Base revenues came in at $80.6 million, up 62% year-over-year.
Twilio reported 40,696 Active Customer Accounts as of March 31, 2017, compared to 28,648 accounts in the prior-year period.
Looking ahead, Twilio expects total revenues for the second quarter to fall in the range of $85.5 million and $87.5 million, with non-GAAP net loss per share between ($0.11) and ($0.10). For fiscal 2017, the company forecasts revenues in the range of $356 million to $362 million and an adjusted loss between ($0.30) and ($0.27) per share.
“We made continued progress across a number of our key initiatives in the first quarter, delivering further product innovation and adding new customers of all types at a rapid pace around the globe,” said Jeff Lawson, Twilio’s Co-Founder and Chief Executive Officer.
“While we are seeing some changes in the relationship with our largest customer, our momentum across the business continues to be strong, with a 42% year over year growth in Active Customer Accounts and a 62% year over year growth in Base Revenue during the quarter,” Lawson continued.
Here’s a graph that looks at Twilio’s price, consensus, and EPS surprise:
Twilio Inc. Price, Consensus and EPS Surprise
Twilio Inc. Price, Consensus and EPS Surprise | Twilio Inc. Quote
Twilio Inc. provides Cloud Communications Platforms. The Company enables developers to build, scale and operate real-time communications within software applications. Its Programmable Communications Cloud software enables developers to embed voice, messaging, video and authentication capabilities. The Super Network is the software layer which allows its customers' software to communicate with connected devices globally. Twilio Inc. is based in San Francisco, CA.
The Best & Worst of Zacks
Today you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. From 1988 through 2015 this list has averaged a stellar gain of +25% per year. Plus, you may download 220 Zacks Rank #5 "Strong Sells." Even though this list holds many stocks that seem to be solid, it has historically performed 6X worse than the market. See these critical buys and sells free >>