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Twilio stock falls on weaker-than-expected revenue forecast



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Jeff Lawson, CEO of Twilio.Scott Mlyn | CNBCTwilio shares fell as much as 14% in extended trading Tuesday after the developer of communications software issued a forecast for the second quarter that trailed analysts’ estimates.Here’s how the company did:Earnings: 47 cents per share, adjusted, versus 21 cents per share as expected by analysts, according to Refinitiv.Revenue: $1.01 billion, versus $1.00 billion as expected by analysts, according to Refinitiv.Twilio said adjusted earnings in the second quarter will be 27 cents to 31 cents per share on $980 million to $990 million in revenue, implying 4% to 5% growth. Analysts polled by Refinitiv had been looking for 29 cents in adjusted earnings per share on $1.05 billion in revenue.Consumer-facing usage has been moderating, although Twilio is not losing market share, said Jeff Lawson, Twilio’s co-founder and CEO, on a conference call with analysts. Twilio is still seeing weakness in social media, e-commerce and cryptocurrency, said Aidan Viggiano, Twilio’s chief financial officer.Customers are being conscious of their budget and carefully examining their spending because of the larger economy, Viggiano said.At the same time, Twilio has been busy increasing the effectiveness of its salespeople, said Elena Donio, Twilio’s president of data and applications.But it’s not that business is stalled. Twilio sold its Verify aut …

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