Twilio shares slide on weaker revenue forecast

Twilio

14/02/2024 23:04

** Shares of cloud communication firm Twilio  TWLO.N  down
10.6% at $64.5 aftermarket
    ** Twilio expects current-quarter revenue between $1.03 bln
and $1.04 bln, below estimates of $1.05 bln, according to LSEG
data
    ** Expects Q1 adjusted earnings per share between 56 cents
and 60 cents, compared to estimates of earnings of 54 cents
     ** Reports Q4 adjusted earnings of 86 cents/shr, above
estimates of 58 cents 
    ** 16 of 34 brokerages rate the stock "buy" or higher, 15
"hold" and three "sell"; their median PT is $74.02
    ** Shares had gained ~50% in 2023

 (Reporting by Kannaki Deka in Bengaluru)
 ((Kannaki.Deka@thomsonreuters.com))