Why Twilio Stock Jumped 18% Today
Shares of (NYSE: TWLO) rocketed as much as 18% higher on Thursday, powered by an impressive earnings report. The stock cooled down to a still-impressive 16% gain by 3 p.m. ET.
The Street consensus had called for third-quarter earnings of roughly $0.86 per share on sales near $1.09 billion. Instead, Twilio's revenues rose 10% year over year to $1.13 billion. Adjusted earnings jumped 76% to land at $1.02 per diluted share.
The provider of software and services for consumer-facing communication apps has been focusing on fiscal discipline and cost controls in recent quarters, and the effort is paying off in the form of strong profit margins. At the same time, Twilio's revenue streams benefit from a stronger economy and several successful feature launches in recent months.
Source Fool.com
Twilio Inc Stock
The stock is one of the favorites of our community with 50 Buy predictions and 1 Sell predictions.
However, we have a potential of -2.03% for Twilio Inc as the target price of 212 € is below the current price of 216.4 €.
