Twilio Stock Plummets 15% on Weak Q2 Outlook
<p><a href='https://financialmodelingprep.com/financial-summary/TWLO'>Twilio (NYSE:TWLO)</a> shares dropped more than 15% intra-day today after the company reported a soft Q2 revenue outlook. Despite posting better-than-expected Q1 EPS of $0.47 and revenue of $1.01 billion (up 15% year-over-year), Q2 guidance failed to meet investor expectations. </p>
<p>Twilio CEO Jeff Lawson stated that the company had structured its business to operate profitably in any financial climate, as evidenced by the strong Q1 non-GAAP income from operations. However, for Q2/23, Twilio expects EPS in the range of $0.27-$0.31 and revenue between $980 million and $990 million, missing the Street estimates. </p>
<p>Following the results announcement, several Wall Street firms cut their price target on the stock, including Morgan Stanley with a new target of $65.00 (from $82.00), and JPMorgan with a new target of $80.00 (from $95.00).</p>

NYSE:TWLO