Twilio Inc. (TWLO) reported a fourth quarter non-GAAP loss of $0.03 per share after the bell Tuesday, compared to the profit of $0.00 per share last year. The consensus estimate was for a loss of $0.06. The company expects to report a first quarter non-GAAP loss of $0.07 to $0.06 for the first quarter and a loss of $0.14 to $0.10 for the full year 2018. Street expectations are for losses of $0.05 and $0.09 respectively.
Twilio gapped up sharply Wednesday and posted gains in early trade, before settling into a range. The stock closed up by 4.28 at $30.72 with volume at a 9-month high. Twilio climbed to over a 3-month high.
by RTT Staff Writer
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