Twilio drops after Q2 results forecast comes in below estimates

Twilio

07/05/2024 22:11

** Cloud communications platform Twilio  TWLO.N  down 6% at
$59.55 in trading after the bell
    ** Co forecast second-quarter revenue below Wall Street
estimates on anticipated slowdown in demand as customers cut
back on discretionary spending
    ** Co expects Q2 revenue to be between $1.05 billion and
$1.06 billion, the mid-point of which is below analysts' average
estimate of $1.08 billion, according to LSEG data
    ** Co expects adjusted profit per share to be between 64
cents and 68 cents, compared with analysts' estimate of 62 cents
    ** Shares of TWLO have gained 21% in last 12 months

 (Reporting by Ananta Agarwal in Bengaluru)
 ((Ananta.Agarwal@thomsonreuters.com))