Twilio Offers Weak Guidance Despite Q3 Beat

Shares of Twilio  (TWLO) – Get Report were falling after hours Monday after the cloud communications platform reported third-quarter results that topped analyst estimates, but offered guidance that missed expectations. 

The San Francisco-based company reported third-quarter revenue of $448 million, a 52% increase over the previous year, with earnings of 4 cents per share. 

Analysts were expecting the company to report a net loss of 3 cents per share on revenue of $409.79 million. 

 “Our performance in the third quarter is further evidence that Twilio’s platform provides three things that every company needs today — digital communications, software agility, and cloud scale,” CEO Jeff Lawson said.

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