© Reuters. Twilio reports Q1 beat but shares plunge 14% on weak guidance
Twilio (NYSE:) shares dropped more than 14% after-hours following the company’s reported . While Q1 EPS of $0.47 and revenue of $1.01 billion (up 15% year-over-year) came in better than the consensus estimates of $0.21 and $1B, respectively, Q2 guidance disappointed investors.
“We’ve structured our business with the aim of enabling Twilio to operate profitably in any financial climate and our first quarter non-GAAP income from operations is a strong signal of our ability to do so,” said CEO Jeff Lawson.
For Q2/23, the company expects EPS in the range of $0.27-$0.31, compared to the consensus of $0.29. Revenue is seen at $980-$990B, missing the consensus estimate of $1.05B.
For the full year, the company expects non-GAAP income from operations in the range of $275-$350 million.
This story originally appeared on Investing
