Twilio (TWLO) Posts Quarterly Earnings Results, Beats Expectations By $0.15 EPS
Twilio (NYSE:TWLO) posted its quarterly earnings results on Tuesday. The technology company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.15, Bloomberg Earnings reports. Twilio had a negative net margin of 15.69% and a negative return on equity of 17.55%. Twilio updated its Q1 guidance to ($0.06-0.07) EPS and its FY18 guidance to ($0.10-0.14) EPS.
Shares of Twilio (NYSE:TWLO) opened at $26.44 on Wednesday. The stock has a market cap of $2,399.22, a P/E ratio of -41.31 and a beta of 2.62. Twilio has a one year low of $22.80 and a one year high of $34.74.
In other news, CFO Lee Kirkpatrick sold 7,000 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $25.89, for a total value of $181,230.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Karyn Smith sold 4,213 shares of the business’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $25.54, for a total transaction of $107,600.02. The disclosure for this sale can be found here. Insiders sold 33,222 shares of company stock valued at $850,128 over the last quarter. Corporate insiders own 25.03% of the company’s stock.
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Twilio Company Profile
Twilio Inc offers Cloud Communications Platform, which enables developers to build, scale and operate real-time communications within software applications. The Company’s platform consists of Programmable Communications Cloud, Super Network and Business Model for Innovators. Its Programmable Communications Cloud software enables developers to embed voice, messaging, video and authentication capabilities into their applications through its Application Programming Interfaces (APIs).
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