SAN FRANCISCO (AP) _ Twilio Inc. (TWLO) on Monday reported a loss of $116.9 million in its third quarter.
On a per-share basis, the San Francisco-based company said it had a loss of 79 cents. Earnings, adjusted for one-time gains and costs, came to 4 cents per share.
The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.
The company posted revenue of $448 million in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $404.5 million.
For the current quarter ending in December, Twilio expects its results to range from a loss of 11 cents per share to a loss of 8 cents per share.
The company said it expects revenue in the range of $450 million to $455 million for the fiscal fourth quarter.
Twilio shares have more than tripled since the beginning of the year. In the final minutes of trading on Monday, shares hit $300.62, nearly tripling in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TWLO at https://www.zacks.com/ap/TWLO
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