Twilio Up 11% On Higher Q3 Revenues

Shares of customer engagement platform Twilio Inc. (TWLO) are rising 11 percent on Thursday's trading after the company posted higher revenues in the third quarter.

The company's revenues climbed 33 percent to $983.0 million from $740.2 million in the same period last year.

The company's net loss, however, widened to $482.3 million or $2.63 per share in the third quarter, from $224.1 million or $1.26 per share in the year-ago quarter.

Currently at $49.18, the stock has traded between $41.00 and $313.39 during the past 52 weeks.

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