Business Corpus: Twilio Stock Jumps As Revenue Blows Past Estimates, Guidance HikedTwilio stock jumped after the communications software maker reported second-quarter revenue that blew past estimates and swung to a profit. The post Twilio Stock Jumps As Revenue Blows Past Estimates, Guidance Hiked appeared first on Investor's Business Daily.

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Twilio (TWLO) stock jumped Tuesday after the communications software maker reported second-quarter revenue that blew past estimates and swung to a profit.

Twilio stock soared 17% to 74.21 on the stock market today.

The company said revenue jumped 54% to $148 million, topping estimates of $130.6 million. Twilio reported a profit of 3 cents, swinging from a 5-cent loss a year earlier. Analysts had estimated another 5-cent loss for the period ended June 30.

"On both an absolute and percentage basis, this is the largest quarterly beat in the company's history," Piper Jaffray analyst Alex Zukin said in a report to clients. "The company noted that investors should not expect beats of this size to continue as the company is now better capturing increased sales productivity into its guidance."

Twilio Stock Helped By Outlook

The company raised full-year 2018 revenue outlook by $46.5 million at the midpoint to a range $585.5 million to $589.5 million, up 47%. Analysts had projected $543 million.

Twilio's software provides real-time communications, which app developers use for text messaging and other communications. The company added 3,365 new customers in the second quarter, raising its total to 57,350.

Twilio stock had gained 165% in 2018 as of Monday's regular session close.

Twilio launched its initial public offering in 2016 with shares priced at 15. The stock peaked at 70.96 on Sept. 28, 2016. It slumped to a low of 24.52 in February 2018.

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The post Twilio Stock Jumps As Revenue Blows Past Estimates, Guidance Hiked appeared first on Investor's Business Daily.