“Twilio shares plunge 34% on light guidance”

“Twilio shares fell about 34% on Friday morning, a day after the cloud communications software maker announced third-quarter results that gave a soft revenue outlook.

Here’s how the company did:

• Loss: Loss of 27 cents per share, adjusted, vs. loss of 36 cents per share as expected by analysts, according to Refinitiv.
• Revenue: $983 million, vs. $972.2 million as expected as expected by analysts, according to Refinitiv.

With respect to guidance, Twilio is calling for a fourth-quarter adjusted net loss of 11 cents to 6 cents per share on $995 million to $1.005 billion in revenue. Analysts polled by Refinitiv had been expecting an adjusted loss of 12 cents per share on $1.07 billion in revenue…”

https://www.cnbc.com/2022/11/03/twilio-twlo-earnings-q3-2022.html