Twilio Shares Jump 11% On Strong Results, Outlook

(RTTNews) - Shares of Twilio (TWLO) gained nearly 11% on the extended session on Tuesday after the cloud communications platform provider's third-quarter profit results trounced Wall Street estimates. Moving ahead, the company also detailed a strong outlook.

San Francisco, California-based Twilio's third-quarter loss was $27.1 million or $0.28 per share, wider than last year's loss of $23.5 million or $0.25 per share.

Adjusted earnings for the quarter were $0.07 per share, compared to a loss of $0.08 per share a year ago.

Twilio's revenues for the quarter grew 68% to $168.9 million from $100.5 million last year. Base revenue of $154.3 million for the third quarter was up 68% from last year.

Analysts polled by Thomson Reuters expected earnings of $0.02 per share and revenues of $150.45 million for the quarter.

Looking forward to the fourth quarter, the company expects adjusted earnings of $0.03 to $0.04 per share on revenues of $183 million to $185 million. Analysts currently expect profit of $0.02 per share on $161.36 million in sales.

For the full year 2018, Twilio expects adjusted earnings of $0.10 to $0.11 per share and revenues of $629.0 million to $631.0 million. Analysts currently expect earnings of $0.03 per share on revenues of $589.53 million.

TWLO closed Tuesday's trading at $71.02, down $0.75 or 1.05%, on the Nasdaq. The stock, however, gained $7.70 or 10.84% in the after-hours trade.