Twilio Reports Loss But Tops Views; Revenue Outlook Above Expectations – Investor's Business Daily

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Twilio (TWLO) late Tuesday reported a fourth-quarter adjusted loss but topped views, with revenue also beating estimates. It also forecast full-year 2018 sales above estimates.

Twilio said it lost 3 cents a share, with revenue rising 41% to $115.2 million and ahead of consensus estimates. A year earlier, Twilio broke even on earnings with sales at $82 million. Analysts expected Twilio to report a loss of 6 cents a share on sales of $103.7 million for the period ended Dec. 31.

For the March quarter, Twilio said it expects a loss of 6 cents to 7 cents a share vs. estimates of a 5-cent loss. Twilio forecast revenue of $116 million vs. estimates of $108 million.

For 2018, Twilio forecast a loss of 12 cents a share at its midpoint of guidance vs. estimates of a 9-cent loss. Twilio said it expects revenue of $510 million vs. estimates of $481.4 million.

Twilio said that Lee Kirkpatrick, its chief financial officer, plans to leave sometime in 2018 after a successor is found.

Shares in the communications software provider rose 5.9% to 28 in after-hours trading on the stock market today. Revenue from ride-hailing service Uber Technologies, a top customer, has been declining.

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