2023-05-09 16:21:52 ET
Twilio ( NYSE: TWLO ) shares sank 14% in extended-hours trading on Tuesday after the communications software company offered second-quarter guidance that was well below Wall Street's expectations.
Looking ahead, the Jeff Lawson-led company expects sales to be between $980M and $990M, below the $1.05B analysts were expecting. Adjusted earnings are expected to be between 27 and 31 cents per share, with the mid-point in-line with the 29-cent-per-share consensus.
The weak guidance comes as Twilio ( TWLO ) reported first-quarter results that were slightly above expectations.
For the period ending March 31, Twilio ( TWLO ) earned 26 cents per share, excluding one-time items, as revenue rose 14.2% year-over-year to $1B. Analysts were expecting 19 cents per share, excluding one-time items and $1B in sales.
The company ended the period with more than 300,000 active customer accounts, up from 268,000 in the year-ago period.
San Francisco-based Twilio ( TWLO ) will hold a conference call at 5 p.m. EST to discuss the results.
More on Twilio
- Morgan Stanley's Wilson screens for stocks as earnings stabilize but data disappoints
- Twilio's IoT business unit to be acquired by KORE to build first 'IoT Hyperscaler'
- Intuit, ZoomInfo, Twilio may see impact from SVB fallout, but likely 'transient': analyst
For further details see:
Twilio stock plunges 14% as Q2 sales forecast falls short of expectations