Twilio jumps after upbeat quarterly and FY24 forecast

Twilio

23/01/2025 23:12

** Shares of cloud communications company Twilio  TWLO.N  
rise 12.5% to $127.5 in aftermarket trading
    ** Company expects to report Q4 revenue growth of about 11%
vs in the same period a year ago
    ** Expects adj. income from operations for Q4 to be at the
top end of the previous forecast range of $185 mln to $195 mln 
    ** TWLO also expects adj. income from operations for FY24 to
be at the top-end of previous forecast range of $700 mln to $710
mln 
    ** Company expects positive GAAP income from operations for
the fourth quarter 
    ** Seventeen of 31 brokerages rate the stock "buy" or
higher, 11 "hold" and three "sell"; their median PT is $94,
according to data compiled by LSEG

 (Reporting by Aishwarya Jain in Bengaluru)
 ((Aishwarya.Jain@thomsonreuters.com;))