Twilio Inc.’s
TWLO,
stock jumped 7% in extended trading Tuesday after the company reported quarterly results that topped analyst revenue and earnings estimates. Twilio reported a fiscal second-quarter loss of $166.2 million, or 91 cents a share, compared with a loss of $322.8 million, or $1.77 a share, in the year-ago quarter. Adjusted earnings were 54 cents a share. Revenue rose 10% to $1.04 billion from $943.4 million a year ago. Analysts surveyed by FactSet had expected on average adjusted net earnings of 30 cents a share on revenue of $987 million. Twilio said it expects $980 million to $990 million in third-quarter revenue, short of analysts’ forecasts of $1.02 billion. Shares of Twilio are up 19% this year, while the broader S&P 500 index
SPX,
has increased 17%.
