Twilio's Earnings Beat Expectations: What Investors in This 'Coronavirus Stock' Should Know
Twilio (NYSE: TWLO) reported strong fiscal third-quarter 2020 results after the closing bell on Monday, Oct. 26.
Shares of the cloud-based communications platform provider fell 1.5% in after-hours trading on Monday. We can attribute the market's slight negative reaction to the company's earnings guidance for the fiscal fourth quarter coming in lighter than Wall Street was expecting.
There was plenty of great news, however. The company's third-quarter results for both the top and bottom lines breezed by the analyst consensus estimates. Moreover, fourth-quarter revenue guidance also easily topped expectations.
Source Fool.com
