TWLO Craters on Soft Outlook
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TWLO Craters on Soft Outlook

Shares of Twilio (NYSE:TWLO) lost over 12% in after-hours trading after the company reported earnings for its first quarter of Fiscal Year 2023. Earnings per share came in at $0.47, which beat analysts’ consensus estimate of $0.21 per share. Sales increased by 14.2% year-over-year, with revenue hitting $1 billion. This was in line with analyst expectations.

As of March 31, 2023, Twilio was up to over 300,000 active customer accounts. That’s up substantially from the 268,000 seen at the same time in 2022. However, its dollar-based net expansion rate declined. It was up 106% in 2023’s first quarter. But back in 2022’s first quarter, it was up 127%.

Management offered some forward projections, looking for revenue of between $980 million and $990 million in the second quarter. That fell short of analyst projections looking for $1.05 billion. Meanwhile, earnings per share were projected at $0.27 to $0.31, in line with analyst consensus figures of $0.29 per share.

Overall, Wall Street has a consensus price target of $84.43 on Twilio, implying 50.77% upside potential, as indicated by the graphic above.



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