Twilio's stock plunged after the company said it will incur a bigger full-year loss than expected.
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Twilio crashes after its full-year forecasts miss big (TWLO)
Twilio's stock plunged 26% in after-market trading after the company's full-year 2017 and second-quarter profit forecasts missed estimates.
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It forecasted an adjusted per-share loss of $0.27 to $0.30, badly missing the consensus forecast of $0.16. Twilio's trimmed 2017 revenue forecast of $356 million to $362 million also fell short of estimates, which called for sales of $370 million for the year.
The cloud communications company, which provides tools for helping apps and websites send texts and phone calls, also provided second-quarter profit and sales guidance that missed forecasts.
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That wasn't enough. Shares of Twilio plummeted 26% to $25.09 a share in after-market trading.
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