5 Stocks That Beat Profit Expectations

1. Twilio Inc. (NYSE:TWLO)

Number of Hedge Fund Holders: 98

Twilio Inc. (NYSE:TWLO) recently announced better-than-expected results for the third quarter. However, its fourth-quarter outlook fell short of expectations. The disappointing guidance overshadowed the strong Q3 results, sending Twilio shares down nearly 14 percent in the pre-market trading session on Thursday, 28 October 2021.

The San Francisco-based cloud communications platform expects an adjusted loss in the range of 23 – 26 cents per share for the fourth quarter, wider than a loss of 10 cents per share estimated by analysts.

For the third quarter, Twilio Inc. (NYSE:TWLO) reported an adjusted profit of one cent per share on revenue of $740.2 million. Analysts were looking for an adjusted loss of 14 cents per share on revenue of $681 million.

Twilio Inc. (NYSE:TWLO) had posted adjusted earnings of 4 cents per share on revenue of $448 million for the comparable period of 2020.

Speaking on the results, CEO Jeff Lawson said:

“We delivered another quarter of strong growth at scale in the third quarter as companies continue to turn to Twilio in this digital-first world. We are extremely excited about the next generation of our customer engagement platform, and our newest pillar, Twilio Engage, which will allow companies of all sizes and in any industry to build and optimize hyper-personalized marketing campaigns on every channel for customer acquisition, conversion and retention.”

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