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Twilio Inc (TWLO) Shares Rise on Revenue Beat, In-Line Earnings

Twilio Inc (NYSE:TWLO) reached its highest revenue total in a quarter during its most recent earnings call.

Twilio Inc (TWLO)On Wednesday, the cloud services provider reported on its third quarter, which yielded revenue of $100.5 million, surpassing the $100-million mark for the first time and beating the year-ago mark by 41% and last quarter by 5%. Analysts were calling for revenue of $92.6 million.

On the earnings front, Twilio posted a GAAP loss of $24 million, which more than doubled the $11.3 million loss from the year-ago period. Non-GAAP earnings came in at a loss of $7.7 million, also doubling the $3.4 million from a year ago.

On a per-share basis, the company lost 25 cents per share, or eight cents per share on an adjusted basis. The latter figure met the Wall Street consensus estimate of an eight-cent loss.

Part of Twilio’s third-quarter success comes from the advancement of the Twilio Engagement Cloud through Twilio Studio, which is a visual editor with an enhanced user interface for the company’s customers.

For its fourth quarter, the company predicts it will rake in $102.5 million to $104.5 million in revenue, as well as earnings in the range of a loss of six cent to five cents per share.

Twilio also reported its fiscal-year 2017 guidance, which includes revenue in the range of $386.5 million to $388.5 million. The company projects a loss of 23 to 22 cents per share for the year.

TWLO stock popped 2.9% after the bell following a 1.9% decline during regular trading hours.

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