Twilio Projects Loss on Expansion Costs to Meet Growing Demand
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Twilio Inc. projected a loss in the current quarter, falling short of analysts’ estimates, in a sign the company is spending on its expansion plans during a time of robust demand for communications software.
The company said it expects to lose 8 cents to 11 cents a share, excluding some items, in the period ending in December. Analysts projected Twilio would break even. Sales will be as much as $455 million in the period, the company said Monday in a statement, topping analysts’ average estimate of $431 million, according to data compiled by Bloomberg.