: Twilio’s stock is up 7% on strong revenue, earnings beat

Twilio Inc.’s TWLO stock jumped 7% in extended trading Tuesday after the company reported quarterly results that topped analyst revenue and earnings estimates. Twilio reported a fiscal second-quarter loss of $166.2 million, or 91 cents a share, compared with a loss of $322.8 million, or $1.77 a share, in the year-ago quarter. Adjusted earnings were 54 cents a share. Revenue rose 10% to $1.04 billion from $943.4 million a year ago. Analysts surveyed by FactSet had expected on average adjusted net earnings of 30 cents a share on revenue of $987 million. Twilio said it expects $980 million to $990 million in third-quarter revenue, short of analysts’ forecasts of $1.02 billion. Shares of Twilio are up 19% this year, while the broader S&P 500 index SPX has increased 17%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.