Home Computer Hardware Twilio shares rise as the company says Q3 outlook brighter than expected

Twilio shares rise as the company says Q3 outlook brighter than expected

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Twilio, which makes money selling communications infrastructure that developers can use to build out there applications, this afternoon said in an 8-K filing with the Securities & Exchange Commission that its outlook for third-quarter revenue will be higher than the original forecast of $401 million to $406 million that it had offered back on August 5th.

The company did not specify how much higher revenue will be. Analysts are currently modeling $405 million, according to FactSet.

Twilio was hosting its annual analyst day conference today, and the presentation from CFO Khozema Shipchandler and team is currently underway, having begun at 4 pm, Eastern time. 

In a deck of slides issued by the company, Twilio said simply that trends that had been going on in recent quarters continued during the quarter. 

Twilio shares are up $7.81, or 3%, at $264.77 in late trading.



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