Canada markets closed
  • S&P/TSX

    17,274.25
    +179.72 (+1.05%)
     
  • S&P 500

    3,635.41
    +57.82 (+1.62%)
     
  • DOW

    30,046.24
    +454.97 (+1.54%)
     
  • CAD/USD

    0.7695
    +0.0001 (+0.02%)
     
  • CRUDE OIL

    45.40
    +0.49 (+1.09%)
     
  • BTC-CAD

    24,779.53
    -74.00 (-0.30%)
     
  • CMC Crypto 200

    379.20
    +9.45 (+2.56%)
     
  • GOLD FUTURES

    1,808.10
    +3.50 (+0.19%)
     
  • RUSSELL 2000

    1,853.53
    +35.23 (+1.94%)
     
  • 10-Yr Bond

    0.8820
    +0.0250 (+2.92%)
     
  • NASDAQ futures

    12,163.50
    +87.50 (+0.72%)
     
  • VOLATILITY

    21.64
    -1.02 (-4.50%)
     
  • FTSE

    6,432.17
    +98.33 (+1.55%)
     
  • NIKKEI 225

    26,674.82
    +509.23 (+1.95%)
     
  • CAD/EUR

    0.6464
    -0.0002 (-0.03%)
     

Twilio: 3Q Earnings Snapshot

·1 min read

SAN FRANCISCO (AP) _ Twilio Inc. (TWLO) on Monday reported a loss of $116.9 million in its third quarter.

On a per-share basis, the San Francisco-based company said it had a loss of 79 cents. Earnings, adjusted for one-time gains and costs, came to 4 cents per share.

The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.

The company posted revenue of $448 million in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $404.5 million.

For the current quarter ending in December, Twilio expects its results to range from a loss of 11 cents per share to a loss of 8 cents per share.

The company said it expects revenue in the range of $450 million to $455 million for the fiscal fourth quarter.

Twilio shares have more than tripled since the beginning of the year. In the final minutes of trading on Monday, shares hit $300.62, nearly tripling in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TWLO at https://www.zacks.com/ap/TWLO