Twilio (TWLO) is set to report Q2 results today after the close with a call to follow at 5pm ET.
The current S&P CapitalIQ consensus is for TWLO to swing to a non-GAAP loss of $(0.08) per share vs a $0.03 profit last year. Revenue is expected to grow 34% yr/yr to $368.8 mln. TWLO develops APIs that are used by its customers to plug communication abilities (phone calls, text messaging via SMS, video etc.) into their apps.
For example, if you're taking an Uber or a Lyft and you call/message the driver from inside the app, you're using Twilio.
TECHS
The stock has been making a monster move since the Q1 report in early May, up 125% since then, as investors now realize how the pandemic and social distancing is actually good for a company like TWLO.
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