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Why Twilio Stock Dipped Nearly 5% on Friday

TheMotleyFool

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Why Twilio Stock Dipped Nearly 5% on FridayPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, sunset photo at golden hour, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/8b396c5d-cf01-4937-89c4-91ad2f28f1ee.png

Shares of Twilio (NYSE: TWLO) slid on Friday, slipping as much as 5.6% earlier in the session, though the stock ended the trading day down 4.7%. The cloud-communications specialist reported better-than-expected revenue and earnings, but unfortunately investors wanted more.

For the second quarter, Twilio delivered revenue of $668.9 million and an adjusted loss per share of $0.11. For comparison, analysts' consensus estimates were calling for revenue of $598.37 million and a loss per share of $0.13.

Image source: Getty Images.

Source Fool.com

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