Why Twilio Stock Dipped Nearly 5% on Friday
Shares of Twilio (NYSE: TWLO) slid on Friday, slipping as much as 5.6% earlier in the session, though the stock ended the trading day down 4.7%. The cloud-communications specialist reported better-than-expected revenue and earnings, but unfortunately investors wanted more.
For the second quarter, Twilio delivered revenue of $668.9 million and an adjusted loss per share of $0.11. For comparison, analysts' consensus estimates were calling for revenue of $598.37 million and a loss per share of $0.13.
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Source Fool.com
