Shares of Twilio Inc. (TWLO) tanked over 13% on Thursday morning despite reporting better-than-expected fourth-quarter results. The stock was impacted by a weak revenue guidance for the first quarter that trailed Street's view.
TWLO is currently trading at $62.63, down $9.64 or 13.34%, on the Nasdaq. The stock opened its trading at $69.25 after closing Wednesday's trading at $72.27. The stock has traded between $45.02 and $79.70 in the past 52-week period.
Looking forward to the first quarter, the company expects revenues of $1.025 to $1.035 billion and adjusted earnings per share of $0.56 to $0.60. Analysts polled by Thomson Reuters currently expect revenues of $1.05 billion and earnings of $0.55 per share.
Revenues were $1.08 billion for the fourth quarter, up 5% year-over-year.
Net loss for the quarter was $365.4 million or $2.01 per share, wider than last year's loss of $229.4 million or $1.24 per share. Adjusted earnings for the quarter were $0.86 per share, compared to $0.22 per share last year.
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