Twilio: Q1 Earnings Snapshot
SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Twilio Inc.A (TWLO) on Tuesday reported a loss of $55.3 million in its first quarter.
The San Francisco-based company said it had a loss of 31 cents per share. Earnings, adjusted for one-time gains and costs, were 80 cents per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share.
The company posted revenue of $1.05 billion in the period, also exceeding Street forecasts. Eight analysts surveyed by Zacks expected $1.03 billion.
For the current quarter ending in June, Twilio expects its per-share earnings to range from 64 cents to 68 cents.
The company said it expects revenue in the range of $1.05 billion to $1.06 billion for the fiscal second quarter.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TWLO at https://www.zacks.com/ap/TWLO