Twilio (TWLO) Gains As Market Dips: What You Should Know

Twilio (TWLO) Gains As Market Dips: What You Should Know
This story originally appeared on Zacks

Twilio (TWLO) closed at $238.65 in the latest trading session, marking a +1.47% move from the prior day. This change outpaced the S&P 500’s 0.1% loss on the day. At the same time, the Dow lost 0.47%, and the tech-heavy Nasdaq lost 0.47%.

Twilio (TWLO) Gains As Market Dips: What You Should Know – Zacks

Heading into today, shares of the company had lost 14.42% over the past month, lagging the Computer and Technology sector’s loss of 1% and the S&P 500’s gain of 3.67% in that time.

Twilio will be looking to display strength as it nears its next earnings release. On that day, Twilio is projected to report earnings of -$0.23 per share, which would represent a year-over-year decline of 675%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $768.89 million, up 40.29% from the year-ago period.

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