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Twilio stock dives 13% after weak earnings guidance, COO’s announced departure

·3 min read
Twilio stock dives 13% after weak earnings guidance, COO’s announced departure
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Twilio reported a third-quarter loss of $224.1 million, or $1.26 a share, on sales of $740.2 million, up from $448 million a year ago. After adjusting for stock compensation and other factors, Twilio reported a profit of a penny a share, worse than adjusted earnings of 4 cents a share a year ago.