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Is Twilio Stock a Buy?

TheMotleyFool

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Twilio's (NYSE: TWLO) stock price plunged to a five-month low after the company posted its third-quarter earnings report on Wednesday, Oct. 27. The cloud-based communication company's revenue rose 65% year over year to $740.2 million, which topped estimates by $56.1 million. Adjusted net income fell 75% to $1.8 million, or $0.01 per share, but still beat estimates by $0.15. On a generally accepted accounting principles (GAAP) basis, its net loss widened from $116.9 million to $224.1 million.

Twilio expects its revenue to rise 39%-40% year over year in the fourth quarter, which comfortably beats analyst expectations for 36% growth. It anticipates non-GAAP earnings to stay in the red.

Image source: Getty Images.

Source Fool.com

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