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Twilio Stock Slumps on Weak Earnings Forecast
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Key Points
- Twilio’s stock plummeted on Friday after the company’s weaker revenue forecasts.
- The company reported a decline in data platform sales and received $16.8 million in fees from slowing payments from customers.
- Even though Friday fell, the stock’s value has more than doubled in the past year.
Twilio(Twlo) The stock plummeted Friday as sales on its data platform fell, hit by slowing payments from key customers.
Twilio reported adjustments Earnings per share (EPS) $1 in the fourth quarter, slightly below analyst estimates for the visible alpha compilation. income A year-on-year increase of 11% to $1.19 billion, high price forecast.
The result is Twilio’s communications revenue grew 12% to $1.12 billion. However, revenue from its customer data platform, called the segment, fell 1% to $74.1 million, and the unit released Non-GAAP Operational losses of $10 million. The company also said the $16.8 million bad debt expenses associated with Brazilian telecom company Oi SA “caused losses due to the slowdown in their ongoing payment activities.”
Twilio expects earnings per share for the current quarter to be 88 cents to 93 cents, with revenue of $1.13 billion to $1.14 billion. Analysts have been looking for 99 cents of earnings per share and $1.14 billion in revenue.
Twilio shares fell about 16% earlier on Friday, although their value has more than doubled in the past year even as Friday’s decline.
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