TWLO - Twilio Stock Is Trading Lower Wednesday: What's Going On? | Benzinga
Twilio Inc (NYSE:TWLO) shares are trading lower Wednesday after the company reported first-quarter financial results and issued soft guidance for the second quarter.
What Happened: Twilio said first-quarter revenue was up 4% year-over-year to $1.05 billion, which beat the consensus estimate of $1.03 billion. The cloud-based customer engagement company reported quarterly earnings of 80 cents per share, which beat analyst estimates of 60 cents per share, according to Benzinga Pro.
Communications revenue came in at $972 million, up 4% year-over-year. Segment revenue totaled $75 million, ...