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Why Twilio Stock Is Soaring Today

TheMotleyFool

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Why Twilio Stock Is Soaring TodayPhoto, wide shot, wide-angle lens, Telecom equipment supplier, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Michael Light: https://img.theapi.app/temp/ad10ed87-71d0-4096-a50b-ba9470f8264b.png

Shares of Twilio (NYSE: TWLO) are skyrocketing today, trading 40.7% higher at 1:20 p.m. EDT. The provider of cloud-based communications tools and services absolutely destroyed Wall Street's estimates in Wednesday night's first-quarter earnings report.

Twilio's first-quarter revenues rose 57% year over year to $365 million. Adjusted earnings increased from $0.05 to $0.06 per diluted share. Your average analyst would have settled for a net loss of $0.11 per share on sales near $332 million.

Twilio's favorite user: a connected office worker, confined to his own living room. Image source: Getty Images.

Source Fool.com

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