By Jon Swartz
Twilio Inc. (TWLO) shares spiked 25% in after-hours trading Wednesday after the communications-software company reported fiscal first-quarter revenue and net income that topped Wall Street estimates.
Twilio reported a loss of $94.8 million, or 68 cents a share, compared with a loss of $36.5 million, or 31 cents a share, in the year-ago quarter. Revenue climbed 57% to $364.9 million from $233.1 million a year ago.
Analysts surveyed by FactSet had expected a loss of 11 cents a share on sales of $331 million. Twilio shares are down 7% in the past year, while the broader S&P 500 is down 1.1% in the past 12 months.
-Jon Swartz; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
May 07, 2020 06:30 ET (10:30 GMT)
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