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Twilio stock takes a nosedive in after-hours trading on weak guidance

A good report on revenue wasn’t enough to keep Twilio stock from taking a dive in after-hours trading. The conversation about the company has been completely stolen by weak guidance and the resulting 27 percent decrease in Twilio’s share price.

The cloud-communications company reported revenue of $87.4 million with a loss of 4 cents in non-GAAP earnings per share in its Q1 2017 earnings report. This overshot analyst expectations of $83.6 million in revenue by $3.8 million and nicely beat expected non-GAAP losses of six cents per share.

The company issued guidance for revenue between $356 and $362 million for the year. This is short of expectations of $370 million. For Q2 2017 earnings, Twilio also issued guidance noting that $85.5 and $87.5 million. Analysts had expected $87 would be a baseline expectations, not a high end target.

We will continue to analyze today’s earnings report and update this post with details from the company’s earnings call later this afternoon.

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