Twilio Shares Rise on Higher FY Outlook

Dow Jones
Yesterday

Twilio shares climbed after the company raised its guidance for the full year.

The stock gained 9% to $123 in after-hours trading Thursday. Through the close, shares were up 4% this year.

The company, which helps other businesses send out messages, now expects annual revenue to grow 12.4% to 12.6%, an increase from the 10% to 11% range it previously shared. It also raised its view for adjusted income from operations.

The raised guidance came after third-quarter revenue rose 15% to $1.3 billion.

Twilio had strength across customer segments, Chief Executive Khozema Shipchandler said.

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