Twilio Gains as Major US Indexes Slip Ahead of Earnings
Twilio rose 1.32% while major indexes fell, with Zacks consensus estimates pointing to higher quarterly and full-year earnings and revenue.
Twilio shares rose 1.32% to close at $290.78, while the S&P 500 fell 0.17%. The Dow lost 0.26% and the Nasdaq slipped 0.09%.
Ahead of the company’s upcoming earnings disclosure, Zacks consensus estimates put earnings at $1.46 per share and revenue at $1.51 billion. Those figures would be increases of 16.8% and 16.16%, respectively, from the same quarter a year earlier.
For the full fiscal year, Zacks estimates earnings of $5.91 per share and revenue of $5.98 billion. Those would be increases of 20.86% and 18% from the prior year, according to the estimates.
Twilio shares had gained 21.79% in the month leading into the latest session. Over the same period, the Computer and Technology sector rose 3.58%, while the S&P 500 declined 0.24%.
This article was produced with the help of AI technology.
Source: Yahoo Finance
