Twilio (TWLO) stock jumped in late trading after the communications software maker gave an optimistic long-term profit forecast and reported preliminary fourth quarter results.
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In a filing late Thursday, Twilio said it expects to report Q4 sales growth of 11% year-over-year when it publishes full results next month. Analysts polled by FactSet are expecting Twilio to post sales of $1.16 billion, up 10%. The company also said it expects “non-GAAP income from operations for the fourth quarter of 2024 and fiscal year 2024 above the top-end of the guidance ranges” provided in late October.
Twilio hosted an investor event earlier in the day. The company told investors that it expects its adjusted operating margin to grow to between 21% and 22% in 2027. That beat analyst expectations, according to CNBC.
On the stock market today, Twilio stock rallied more than 9% to 124.24 in after-hours action.
Twilio Stock: Up 60% Since October
Twilio’s tools enable app developers to embed voice, text messaging and video into their products. Twilio’s software also makes it easier for cloud-based applications to communicate.
Thursday’s late gains point to Twilio building on a strong recent rally. Twilio stock is up 60% since the company’s third quarter earnings report.
Twilio stock has an IBD Composite Rating of 98 out of a best-possible 99, according to IBD Stock Checkup. The score combines five separate proprietary ratings into one rating. The best growth stocks have a Composite Rating of 90 or better.
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