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Why Twilio Stock Was Falling Today

TheMotleyFool

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Why Twilio Stock Was Falling 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) were pulling back today after the cloud-based communications software company posted a strong first-quarter earnings report but offered weaker-than-expected guidance on the bottom line. With the software as a service (SaaS) stock coming into the report "priced for perfection," that was enough to send shares spiraling.

As a result, the stock finished the day down 9.4%.

Image source: Getty Images.

Source Fool.com

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