SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Twilio Inc.A (TWLO) on Thursday reported third-quarter net income of $37.2 million.
On a per-share basis, the San Francisco-based company said it had profit of 23 cents. Earnings, adjusted for one-time gains and costs, were $1.25 per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.05 per share.
The company posted revenue of $1.3 billion in the period, also exceeding Street forecasts. Eight analysts surveyed by Zacks expected $1.25 billion.
For the current quarter ending in December, Twilio expects its per-share earnings to range from $1.17 to $1.22.
The company said it expects revenue in the range of $1.31 billion to $1.32 billion for the fiscal fourth quarter.
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