Twilio TWLO reported its Q1 earnings results on Tuesday, May 9, 2023 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
Twilio beat estimated earnings by 123.81%, reporting an EPS of $0.47 versus an estimate of $0.21.
Revenue was up $131.64 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.31 which was followed by a 14.23% increase in the share price the next day.
Here's a look at Twilio's past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.09 | -0.36 | -0.21 | -0.22 |
| EPS Actual | 0.22 | -0.27 | -0.11 | 0 |
| Revenue Estimate | 1.00B | 972.00M | 919.66M | 863.59M |
| Revenue Actual | 1.02B | 983.03M | 943.35M | 875.36M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Twilio management provided guidance for Q2 2023, expecting earnings between $0.27 and $0.31 per share.
To track all earnings releases for Twilio visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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