Twilio Stock Soars Nearly 10% as Regulatory Filing Provides Bullish Guidance
In a filing with the Securities and Exchange Commission (SEC) late Thursday, Twilio (NYSE: TWLO) seemed to suggest that its upcoming third-quarter results could be far better than the company originally forecast.
The rather terse statement read simply, "Twilio Inc. (the "Company") announces that it preliminarily expects that the Company's total revenue for the quarter ended September 30, 2020 will be ahead of the Company's previously issued guidance of $401 million to $406 million." That brief missive sent Twilio's stock soaring, gaining nearly 10% in after-hours trading.
What gives?
Source Fool.com
