Categories AlphaGraphs, Earnings, Technology
Earnings: Twilio (TWLO) reports surprise profit for Q3; revenues beat
Twilio Inc. (NASDAQ: TWLO) reported higher earnings for the third quarter of 2020, contrary to expectations for a loss. The bottom-line benefitted from a 52% growth in revenues, which also topped the Street view. The company’s stock dropped on Monday evening, immediately after the announcement.
The cloud communications platform reported adjusted earnings of $0.04 per share for the September-quarter, compared to $0.03 per share in the same period of last year. Analysts had forecast a loss for the latest quarter. On a reported basis, it was a net loss of $116.9 million or $0.79 per share, compared to last year’s loss of $87.7 million or $0.64 per share.
Read management/analysts’ comments on Twilio’s Q3 results
Third-quarter revenues climbed 52% annually to $447 million and surpassed the market’s projection. During the three-month period, the number of active customer accounts rose 21% year-over-year to more than 208,000.
Twilio’s stock declined during Monday’s extended trading, after closing the regular session lower.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Coca-Cola (KO) Q1 2021 earnings release
The Coca-Cola Company (NYSE: KO) reported first-quarter 2021 financial results before the regular market hours on Monday. The beverage manufacturer reported fourth-quarter revenue of $9 billion, up 5% year-over-year. The
Earnings calendar for the week of April 19
The market rally gathered pace this week amid impressive quarterly results, led by the banking sector, and positive economic data. Leading stock indexes continued their winning streak, with S&P 500
Undeterred by crisis, Bank of America stays in expansion mode
Leading Wall Street banks recorded robust earnings in the early months of fiscal 2021 with the results benefiting from the release of credit loss reserves, in most cases. Taking advantage
