Why Twilio Stock Fell Today
Shares of Twilio (NYSE: TWLO) have fallen today, down by 3% as of 12:45 p.m. EDT, after the company reported third-quarter results. The stock was down as much as 5% earlier in the morning.
Revenue in the third quarter jumped 52% to $448 million, well ahead of the $407.2 million in sales that analysts were modeling for. That led to adjusted earnings per share of $0.04, also beating the Street's expectation of an adjusted net loss per share of $0.04.
Image source: Twilio.
Source Fool.com
