Categories AlphaGraphs, Earnings, LATEST, Technology
Twilio (TWLO) reports surprise profit for Q2; revenue up 46%
Cloud communications platform Twilio Inc. (NASDAQ: TWLO) reported a sharp increase in second-quarter revenues, which resulted in a surprise profit. The company’s stock dropped about 5% during Tuesday’s extended session, immediately after the announcement.
The company reported adjusted earnings of $0.09 per share for the June quarter, compared to $0.03 per share in the corresponding period of last year. Analysts were looking for a loss in the latest quarter. On a reported basis, it was a net loss of $99.9 million or $0.71 per share, compared to last year’s loss of $92.6 million or $0.72 per share.
Revenues climbed 46% from last year to $400.8 million in the second quarter and surpassed the market’s projection. During the three-month period, the number of active customer accounts rose 24% year-over-year to more than 200,000.
The stock lost sharply on Tuesday evening, after closing the regular session slightly lower.
Most Popular
KR Earnings: Kroger Q3 sales, profit increase and top expectations
Department store chain The Kroger Co. (NYSE: KR) on Thursday said its third-quarter sales and adjusted earnings increased year-over-year. The latest numbers also exceeded the market's expectations. Net earnings attributable to
CrowdStrike: Why this cybersecurity stock is a good investment for 2023
CrowdStrike Holdings, Inc. (NASDAQ: CRWD) has steadily expanded its subscriber base over the years, riding the ever-growing demand for cybersecurity solutions. As digital adoption continues -- which accelerated after the
CRM Results: Salesforce Q3 earnings beat; revenues rise 14%
Customer relationship management platform Salesforce, Inc. (NYSE: CRM) on Wednesday reported an increase in third-quarter adjusted earnings, aided by double-digit growth in revenues. The numbers surpassed analysts' predictions. Third-quarter profit,
