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Twilio shares surge 28% on earnings, sales that top analyst estimates


Shares of Twilio Inc. quickly jumped 28% in extended trading Wednesday after the company posted earnings and sales that breezed past Wall Street estimates as well as a strong outlook.

The company TWLO, +1.78%, whose software lets companies converse with customers through text messages, reported a fourth-quarter loss of $291.4 million, or $1.63 a share, on sales of $842.7 million, up 54% from $548.1 million a year ago. After adjusting for stock compensation and other factors, Twilio reported a loss of 20 cents a share.

Analysts on average were expecting an adjusted loss of 20 cents a share on sales of $773 million, according to FactSet. Twilio’s stock, which have since cooled after hours, closed up 2% at $202.04 during Wednesday’s regular session.

“Our fourth quarter capped off an amazing year of results as we delivered more than $2.8 billion in revenue for the year, growing 61% year-over-year,” Twilio Chief Executive Jeff Lawson said in a statement announcing the results.

Twilio offered first-quarter revenue guidance of $855 million to $865 million. Analysts polled by FactSet are forecasting $806 million.

Twilio shares have struggled amid concerns about second-half growth rates, falling 53% in the past 12 months while the S&P 500 index SPX has improved 17%.

Futurum Resarch analyst Daniel Newman said he was “impressed” by Twilio’s customer growth, which included more than 35,000 new active customers for the full year. But he will also keep an eye on losses as the company continues to make significant investments.

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