Twilio (TWLO, $425.67)posts surprise Q4 profit
Twilio crushed analysts’ expectations by posting a profit for the fourth quarter.
The cloud communication platform’s adjusted earnings for the quarter came in at 4 cents per share, compared to a loss of -8 cents per share expected by analysts polled by Refinitiv.
Revenue of $548.1 million also topped analysts’ expectation sof $454.8 million.
Contribution of political activity was $23 million in revenue in the quarter. Facebook’s WhatsApp messaging app contributed 5% of revenue, down from 6% in the third quarter, according to Khozema Shipchandler, the company’s finance chief.
Twilio added 13,000 active customer accounts in the fourth quarter, compared with an increase of 8,000 in the third quarter. It has a total of 221,000 accounts as of fourth quarter.
“The pandemic accelerated change overnight,” Jeff Lawson, a co-founder of Twilio and its CEO, said on a conference call with analysts. “Health care had to accelerate the adoption of telemedicine and e-commerce companies accelerated their e-commerce plans. Companies that hired more developers and upped their digital game during the pandemic are not going back.”
Looking ahead, Twilio expects an adjusted loss of -12 cents to -9 cents per share for the first quarter, while analysts polled by Refinitiv expect adjusted loss of -2 cents per share. The company forecasts revenue of $526 million to $536 million (representing about 44% to 47% revenue growth), compared to analysts’ estimate of $492.1 million.
Aroon Indicator for TWLO shows an upward move is likely
TWLO's Aroon Indicator triggered a bullish signal on September 09, 2024. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 194 similar instances where the Aroon Indicator showed a similar pattern. In of the 194 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .
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a provider of cloud-based communications platform
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