When Twilio Inc. (NYSE: TWLO) released its third-quarter financial results after the markets closed on Tuesday, the company reported $0.07 in earnings per share (EPS) and $168.9 million in revenue. That compares to the consensus estimates that called for a $0.03 in EPS and $151.6 million in revenue, as well as the net loss of $0.08 per share and $100.54 million in revenue posted in the same period of last year.

At the end of the latest quarter, the company had 61,153 active customer accounts, compared to 46,489 active customer accounts in the same period of last year.

Also, the dollar-based net expansion rate was 145% for the third quarter of 2018, compared to 122% for the year-ago quarter.

Looking ahead to the fourth quarter, the company expects to see EPS in the range of $0.03 to $0.04 and revenue between $183 million and $185 million. Consensus estimates call for $0.02 in EPS and $161.36 million in revenue for the quarter.

Jeff Lawson, Twilio’s co-founder and CEO, commented:

We’re thrilled to report yet another strong quarter for revenue growth, product innovation, and customer success in Q3. There are several key issues on the minds of many companies today – creating seamless omni-channel experiences, ensuring enterprise compliance, and utilizing Artificial Intelligence and bots to create better customer experiences. At our SIGNAL conference in October, we were proud to announce products aimed at helping our customers solve these pressing challenges.

Shares of Twilio were last seen up about 35% at $96.05, with a consensus analyst price target of $85.77 and a 52-week trading range of $23.25 to $9.23.

Get Our Free Investment Newsletter

I have read, and agree to the Terms of Use

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.