Twilio posts surprise profit on remote-work boost
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Twilio (TWLO) Q3 Results Has Bulls Riled Up Despite Flat Stock Action, One Analyst Sees Revenues Heading to $5B by 2024
October 27, 2020 9:05 AM EDTShares of Twilio (NYSE: TWLO) are flat in pre-open after the company announced better-than-expected revenue and earnings figures for the third quarter.
Twilio posted a loss of $116.9 million, or $0.79 a share. In the same period last year, Twillio recorded a loss of $87.7 million, or $0.79 cents a share. On an adjusted basis, the company posted an adjusted profit of $0.04 per share, which beat the consensus of a $0.03 per share loss.
Revenue soared 52% to $447.9 million from $295.1 million a year ago. The Street expected revenue of $409.8 million.
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Argus Reiterates Buy Rating on Twilio (TWLO) Following 3Q
October 27, 2020 7:22 AM EDTArgus analyst Jim Kelleher reiterated a Buy rating and $330.00 price target on Twilio (NYSE: TWLO) following the company's 3Q earnings report. Twilio reported 3Q20 revenue of $448 million. Above revised consensus forecast of $410million. TWLO reported non-GAAP profit of $0.04 per diluted share in 3Q20.... More
