Shares of Twilio (NYSE: TWLO) have popped today, up by 7% as of 11 a.m. EST, after the company reported fourth-quarter earnings. The results topped expectations, and revenue guidance for the first quarter was also strong.
Revenue in the fourth quarter increased 65% to $548.1 million, utterly destroying the consensus estimate of $454.9 million in sales. That included $23 million from Segment, which Twilio acquired in November. That all resulted in adjusted earnings per share of $0.04, while Wall Street was expecting the communications technology company to report an adjusted net loss of $0.07 per share.
Image source: Twilio.
Source Fool.com