Shares of Twilio Inc. quickly jumped 28% in extended trading Wednesday after the company posted earnings and sales that breezed past Wall Street estimates as well as a strong outlook.
The company TWLO, +1.78%, whose software lets companies converse with customers through text messages, reported a fourth-quarter loss of $291.4 million, or $1.63 a share, on sales of $842.7 million, up 54% from $548.1 million a year ago. After adjusting for stock compensation and other factors, Twilio reported a loss of 20 cents a share.
Analysts on average were expecting an adjusted loss of 20 cents a share on sales of $773 million, according to FactSet. Twilio shares closed up 2% at $202.04.
“Our fourth quarter capped off an amazing year of results as we delivered more than $2.8 billion in revenue for the year, growing 61% year-over-year,” Twilio Chief Executive Jeff Lawson said in a statement announcing the results.
Twilio offered first-quarter revenue guidance of $855 million to $865 million. Analysts polled by FactSet are forecasting $806 million.
Twilio shares have struggled amid concerns about second-half growth rates, falling 53% in the past 12 months while the S&P 500 index SPX has improved 17%.