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Twilio spikes after major revenue beat and bold quarterly guidance

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Jeff Lawson, CEO, Twilio
Scott Mlyn | CNBC

Shares of cloud communications software builder Twilio jumped as much as 29% after the company issued fourth-quarter results and quarterly revenue guidance that sped past expectations.

Here’s how the company did:

Earnings: Loss of 20 cents per share, vs. loss of 22 cents per share as expected by analysts, according to Refinitiv.
Revenue: $842.7 million, vs. $767.8 million as expected by analysts, according to Refinitiv.

Revenue increased 54% year over year, compared with 65% growth in the third quarter, according to a statement.

With respect to guidance, Twilio called for a first-quarter adjusted net loss of 26 cents to 22 cents per share on $855 million to $865 million in revenue, which implies almost 46% growth. Analysts polled by Refinitiv had been looking for an adjusted loss of 5 cents per share on $802.9 million in revenue for the first quarter.

A downdraft affecting cloud-software stocks in recent months reduced the value of Twilio. The stock was down 23% before Wednesday’s close, while the S&P 500 index was down about 4%.

Executives will discuss the results on a conference call starting at 5 p.m. ET.

This is breaking news. Please check back for updates.

WATCH: Twilio’s stock shouldn’t be punished for short term blip in a long term growth story, CEO says

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