By Yasin Ebrahim
Investing.com – Twilio fell after-hours Monday as guidance for a bigger-than-expected loss in the final quarter of the year overshadowed third-quarter results that topped Wall Street expectations.
Twilio (NYSE:TWLO) fell 1.5%.
The company forecast a loss of between 8 cents and 11 cents for the fourth quarter, compared with analysts estimates for a loss of 1 cent a share. The company expects revenue in the range of $450 million to $455 million, above estimates for $432 million, according to Capital IQ.
The company reported earnings of 4 cents on revenue of $448 million, topping estimates for a loss of 4 cents on revenue of $407 million.
The beat on the top and bottom lines was driven by customer growth as the company saw active accounts surge 21% year-over-year.
“Our performance in the third quarter is further evidence that Twilio’s platform provides three things that every company needs today — digital communications, software agility, and cloud scale,” the company said.