(NYSE: TWLO) posted its second-quarter report on Aug. 8. The cloud-based communication platform provider's revenue rose 10% year over year to $1.04 billion and beat analysts' estimates by $53 million. Its adjusted earnings per share of $0.54 cleared the consensus forecast by $0.24 and improved from its adjusted loss of $0.11 a year ago.
Twilio's stock rose slightly after that earnings beat, but it's still down nearly 30% over the past 12 months and remains almost 90% below its all-time high. Is Twilio still worth buying as a turnaround play in this unpredictable market?
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Source Fool.com