Twilio's stock moves lower after earnings as revenue forecast comes in light

By Emily Bary

Company exceeded revenue expectations for its just-completed quarter

Twilio Inc. came up short with its revenue forecast for the current quarter, helping to drive its shares lower in Wednesday's extended session.

For the first quarter, Twilio (TWLO) models $1.025 billion to $1.035 billion in revenue, whereas analysts were looking for $1.052 billion. The company also anticipates 56 cents to 60 cents in adjusted earnings per share, which compares with the FactSet consensus of 55 cents.

Shares were down about 10% in after-hours action.

The company, which makes communications tools for businesses, generated a fourth-quarter net loss of $365 million, or $2.01 a share. That compares with a loss of $229 million, or $1.24 a share, in the year-earlier period.

On an adjusted basis, Twilio earned 86 cents a share, compared with 22 cents a share in the year-before period. Analysts tracked by FactSet were modeling 57 cents a share.

The company generated $1.076 billion in revenue, compared with $1.025 billion a year prior. The FactSet consensus was for $1.046 billion.

-Emily Bary

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02-14-24 1620ET

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