Why Twilio, Inc. Stock Rose 14% Today

Shares of cloud-based communications expert Twilio (NYSE: TWLO) rose as much as 13.8% on Tuesday morning, driven by a strong second-quarter earnings report and equally solid next-period guidance.

Twilio reported an adjusted net loss of $0.05 per share and top-line sales of $95.9 million. Analysts would have settled for a $0.11 loss per share on revenue near $84 million. Looking ahead, the maker of cloud-computing software tools for corporate clients set third-quarter targets ahead of the current Street view and increased its full-year guidance projections across the board.

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Source: Fool.com