Twilio (TWLO) Posts Q1 Loss, Shares Plunge On Dismal Outlook

 | May 02, 2017 09:48PM ET

Twilio Inc. (NYSE:TWLO) reported first-quarter 2017 results yesterday, wherein the top line came ahead of our expectations, while the bottom line matches the same. Also, the company witnessed year-over-year improvement on both the counts.

Although the company reported adjusted loss (including one-time expenses and income but excluding stock based compensation) of 14 cents per share, the figure came in line with the Zacks Consensus Estimate. Furthermore, on a non-GAAP basis, the company posted a loss of 4 cents which not only compared favorably with the year-ago quarter’s loss of 5 cents, but also its own guided range of a loss of 6 –7 cents.

The year-over-year improvement in the bottom line was mainly driven by strong top-line growth, which was partially offset by increased operating expenses and higher share count.

Twilio Inc. Price, Consensus and EPS Surprise

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