Twilio Shares Slip in After-Hours as Second Quarter Revenue Outlook Misses Estimates

Revenue in the second quarter ending June 30 is forecast to reach between $1.05 billion to $1.06 bilion, the company said in a press release Tuesday after the market closed. That's lower than the $1.08 billion expected by analysts surveyed by Bloomberg.

The company reported that first quarter adjusted earnings per share rose to 80 cents from 47 cents a year earlier. That surpassed analysts' average estimate of 60 cents, according to Bloomberg Consensus.

Revenue for the three months ended March 31 rose 4% to $1.05 billion from a year earlier, exceeding the average estimate of $1.03 billion expected by analysts.