Twilio shares surge on better-than-expected earnings, revenue and guidance
Summary
Twilio shares jumped more than 12 percent on Tuesday after the cloud software company reported third-quarter results that beat expectations and provided guidance that also topped analysts estimates.Twilios after-hours gains mark the continuation of an extended rally, dating back to the companys public market debut in 2016.Twilio announced last month that its acquiring email marketing company SendGrid for $2 billion .SendGrid shares rose 10 percent on Tuesday after the company beat expectations for earnings and revenue.Uber represented 4 percent of Twilios revenue in the quarter, down from 8 percent in all of 2017 , and that starting in 2019 Twilio will not disclose revenue figures excluding Uber, outgoing Chief Financial Officer Lee Kirkpatrick said on a conference call with analysts on Tuesday.
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