Cloud-computing company’s stock gains over 6%
- Twilio’s stock gains over 6% after beating Q3 earnings estimates
- Raised 2023 guidance for adjusted income from operations
- Loss of $142 million compared to $482 million in the year-ago quarter
- Adjusted earnings of 58 cents per share
- Revenue rose 5% to $1.03 billion
- Expects 2023 non-GAAP income from operations between $475 million and $485 million
- Guided for Q4 revenue between $1.03 billion and $1.04 billion
Shares of Twilio Inc. gained more than 6% in after-hours trading after the cloud-computing company reported better-than-expected earnings for the third quarter. Twilio’s loss for the quarter was $142 million, compared to $482 million in the same period last year. However, adjusted earnings came in at 58 cents per share, surpassing analysts’ estimates. The company also raised its guidance for adjusted income from operations for 2023. Twilio expects non-GAAP income from operations to be between $475 million and $485 million. Additionally, the company provided a fourth-quarter revenue forecast of $1.03 billion to $1.04 billion.
Factuality Level: 8
Factuality Justification: The article provides specific information about Twilio’s third-quarter earnings, including the company’s financial results and guidance. It also mentions the analysts’ expectations and compares them to the actual results. The information seems to be based on factual data and does not contain any obvious bias or misleading information.
Noise Level: 8
Noise Justification: The article provides relevant information about Twilio’s third-quarter earnings and its raised guidance for 2023. It includes specific numbers and compares them to previous quarters. However, it lacks analysis, context, and actionable insights. It mainly focuses on financial data without exploring the consequences of the company’s decisions or holding powerful people accountable. The article also lacks scientific rigor and intellectual honesty as it does not provide evidence or data to support its claims.
Financial Relevance: Yes
Financial Markets Impacted: Shares of Twilio Inc.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to financial topics as it discusses Twilio’s third-quarter earnings and its raised guidance for adjusted income from operations. There is no mention of an extreme event.
Public Companies: Twilio Inc. (TWLO)
Key People:
Reported publicly:
www.marketwatch.com 
