Twilio’s stock moves lower after earnings as revenue forecast comes in light

Twilio Inc. came up short with its revenue forecast for the current quarter, helping to drive its shares lower in Wednesday’s extended session.

For the first quarter, Twilio TWLO models $1.025 billion to $1.035 billion in revenue, whereas analysts were looking for $1.052 billion. The company also anticipates 56 cents to 60 cents in adjusted earnings per share, which compares with the FactSet consensus of 55 cents.

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