Cloud communications platform Twilio (TWLO) is slated to report its third quarter financial results on November 6 after the bell. Analysts expect the company to report profit of 2 cents compared to last year third quarter’s loss of 8 cents per share. Wall Street also expects revenue to be $151 million, which represents a year-over-year growth of about 50%.
When announcing the second quarter results, the San Francisco-based firm said that it expects to achieve non-GAAP EPS of 2-3 cents and revenue of $150-152 million for the third quarter. Last month, Twilio commented that it had exceeded the third quarter guidance provided on August 6.
For the second quarter, Twilio surpassed Street’s views by posting adjusted profit per share of 3 cents wherein analysts had expected the company to report a loss for the quarter. On the upbeat earnings and strong outlook, the stock climbed 19% the next day. The recent product innovation initiatives and expansions are expected to benefit the company and Twilio is estimated to continue its bullish trend following the Q3 earnings announcement.
The company had a recently appointed Khozema Shipchandler as CFO with effect from November 12. Shipchandler, who recently served GE Digital’s Chief Commercial Officer, will be replacing Lee Kirkpatrick.
You may also like: Twilio acquires SendGrid
Last month, Twilio acquired the bulk email sender SendGrid (SEND) in an all-transaction that is valued about $2 billion. Apart from the current voice, video and chat platforms, this deal will help Twilio to expand its presence in the email category. The Denver-based SendGrid sends transactional and marketing emails on behalf of the companies to their customers through a cloud-based solution.
The investing community will look out for the growth in the active customer accounts for the recently ended quarter. The company has been growing its active customer accounts continuously for several quarters. More details on the SendGrid acquisition is also expected during the earnings conference call.
Shares of Twilio, which closed down 3.01% at $74.32 on Friday, were up slightly during the pre-market trading hours on Monday. The company has tripled its share value in this year and in the past 52 weeks the stock has jumped 145%.