These 10 Firms Were Heavily Hit on Friday

3. Twilio Inc. (NYSE:TWLO)

Twilio Inc. saw its share prices fall by 15 percent on Friday to end at $125.17 each as investor sentiment was dampened by the company’s weak outlook guidance for the current quarter while shunning news of improved earnings performance last year.

In its earnings release on Friday, TWLO said it expects earnings per share for the current quarter to settle between 88 cents and 93 cents, missing analysts’ consensus of 99 cents.

The company also pegged revenues to end between $1.13 billion and $1.14 billion, representing growth of 8 to 9 percent.

During the last quarter, TWLO narrowed its net losses by 96 percent to $12.47 million versus the $365 million registered in the same period last year, despite 11 percent higher revenues at $1.194 billion versus $1.075 billion year-on-year.

For the full year of 2024, net loss shrunk by 89 percent to $109 million from $1.01 billion in 2023.