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Twilio Inc. (TWLO) Stock Pops As Q3 Revenues Jump 41%
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Twilio Inc. (TWLO - Free Report) just released its third quarter 2017 financial results, posting a loss of $0.08 per share and revenues of $100.5 million. Currently, Twilio is a Zacks Rank #3 (Hold) and is up nearly 4% to $28.90 per share in after-hours trading shortly after its earnings report was released.
Twilio:
Beat earnings estimates. The company posted a loss of $0.08 per share, matching the Zacks Consensus Estimate..
Beat revenue estimates. The company saw revenue figures of $100.5 million, topping our consensus estimate of $91.93 million.
Twilio’s bottom line performance was far worse year-over-year after it posted a loss of just $0.04 per share in the year-ago period. However, the company’s revenues jumped 41% year-over-year and 5% sequentially.
Twilio now expects to post fourth-quarter revenues between $102.5 million and $104.5 million. In Q4, the company projects it will post a non-GAAP EPS loss in the range of $0.06 to $0.05.
“We hit a number of exciting milestones in Q3, including our first $100 million revenue quarter, our first enterprise license agreement for our higher level software products, and the launch of Twilio Studio,” CEO Jeff Lawson said in a statement.
“With Twilio Studio, the visual builder for Twilio, we can accelerate our customers’ roadmaps and help an even larger set of users build on our platform. We are excited by the size, scale and diversity of what new and existing customers are creating with Twilio.”
Here’s a graph that looks at Twilio’s Price, Consensus and EPS Surprise history:
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, United States.
Check back later for our full analysis on Twilio’s earnings report!
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Twilio Inc. (TWLO) Stock Pops As Q3 Revenues Jump 41%
Twilio Inc. (TWLO - Free Report) just released its third quarter 2017 financial results, posting a loss of $0.08 per share and revenues of $100.5 million. Currently, Twilio is a Zacks Rank #3 (Hold) and is up nearly 4% to $28.90 per share in after-hours trading shortly after its earnings report was released.
Twilio:
Beat earnings estimates. The company posted a loss of $0.08 per share, matching the Zacks Consensus Estimate..
Beat revenue estimates. The company saw revenue figures of $100.5 million, topping our consensus estimate of $91.93 million.
Twilio’s bottom line performance was far worse year-over-year after it posted a loss of just $0.04 per share in the year-ago period. However, the company’s revenues jumped 41% year-over-year and 5% sequentially.
Twilio now expects to post fourth-quarter revenues between $102.5 million and $104.5 million. In Q4, the company projects it will post a non-GAAP EPS loss in the range of $0.06 to $0.05.
“We hit a number of exciting milestones in Q3, including our first $100 million revenue quarter, our first enterprise license agreement for our higher level software products, and the launch of Twilio Studio,” CEO Jeff Lawson said in a statement.
“With Twilio Studio, the visual builder for Twilio, we can accelerate our customers’ roadmaps and help an even larger set of users build on our platform. We are excited by the size, scale and diversity of what new and existing customers are creating with Twilio.”
Here’s a graph that looks at Twilio’s Price, Consensus and EPS Surprise history:
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, United States.
Check back later for our full analysis on Twilio’s earnings report!
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius. Click for details >>