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Why Twilio Stock Soared on Thursday

TheMotleyFool

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Why Twilio Stock Soared on ThursdayPhoto, wide shot, wide-angle lens, Telecom equipment supplier, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.theapi.app/temp/3967c11c-b755-4d39-87d0-acc853384c80.png

Shares of Twilio (NYSE: TWLO) charged sharply higher on Thursday, surging as much as 15.6%. As of 11:37 a.m. ET, the stock was still up 9.1%.

The catalyst that sent the cloud communications specialist higher was its quarterly earnings report that was far better than expected.

For the fourth quarter, Twilio generated revenue of $842.7 million, which climbed 54% year over year. This resulted in an adjusted loss per share of $0.20, compared with adjusted earnings per share (EPS) of $0.04 in the prior-year quarter.

Source Fool.com

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