Twilio's full-year earnings per share guidance is now expected to between 12 cents and 13 cents, instead of the 16 cents to 17 cents originally issued.
Twilio's full-year earnings per share guidance is now expected to between 12 cents and 13 cents, instead of the 16 cents to 17 cents originally issued by the company.It appears the company just didn't add up its quarterly earnings correctly for fiscal 2019 when issuing the guidance last week.
Jeff Lawson, founder, CEO and chairman of Twilio, speaks at a press conference during the Mobile World Congress on March 1, 2017 in Barcelona, Spainjust re-reported its full-year forecast, after the company messed up the math the first time around. Twilio's full-year earnings per share guidance is now expected to between 12 cents and 13 cents, instead of the 16 cents to 17 cents originally reported alongside itsIt appears the company just didn't add up the quarterly earnings correctly for fiscal 2019 when issuing the guidance last week. Twilio said last week it sees fourth-quarter earnings between 1 cents and 2 cents. It also reported last week 3 cents a share in non-GAAP earnings for the third quarter.
Shares of Twilio fell as much as 17% last week after the company gave lower-than expected quarterly earnings and revenue guidance. The stock was up slightly in the premarket despite issuing the guidance correction. Shares of Twilio are up about 8% in 2019.
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