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Why Twilio Stock Was Falling Today

Why Twilio Stock Was Falling Today

Shares of Twilio (NYSE: TWLO) were pulling back today after the cloud-based communications software company posted a strong first-quarter earnings report but offered weaker-than-expected guidance on the bottom line. With the software as a service (SaaS) stock coming into the report "priced for perfection," that was enough to send shares spiraling. Twilio reported revenue growth of 62% to $590 million, well ahead of estimates at $532.9 million.