Thursday’s Headlines: A Host Of Earnings News Including Twilio, Spotify, And More
1. Twilio, the San Francisco provider of communications software and services fell more than 3% after reporting a wider fourth-quarter net loss, and stronger-than-expected revenue and adjusted net income. Net loss came in at $0.66 a share on revenue of $331 million, compared with a loss of $0.47 a year earlier. Prior to the report, Twilio stock had risen by more than a third in 2020 so far. Read more here.
2. iRobot stock was up 2% on Wednesday after it came out with quarterly earnings of $0.70 per share versus analyst expectations of $0.42. It also posted revenues of $426.78 million for the quarter ended December 2019, surpassing estimates by 3.02%. iRobot shares have lost about 5% since the beginning of the year versus the S&P 500's gain of 2.1%, as concerns related to Chinese production mount as the coronavirus spreads in the region. Read the full report here.
3. Music streaming service Spotify fell nearly 5% on Wednesday following an earnings miss. Losses per share came in at -$1.25 versus expectations of -$0.25, on top of revenue of $2.04 billion versus estimates of $2.09 billion. An operating loss of about -$84.65 million is a drop from an operating income of $103.35 million from the fourth quarter of 2018, having invested heavily in podcasts over the year. Read the full story here.
Other earnings news:
- GoPro: The camera makers stock fell nearly 15% after hours after reporting Q4 EPS of $0.65 versus expectations of $0.70. GoPro disclosed EBITDA of $112.1 million for the quarter versus $126.5 million consensuses. Read more.
- Paycom: The software company fell more than 4% despite surpassing estimates. EPS came in at $0.86 versus $0.77, on revenues of $193.41 million, 1.37% more than estimates. Paycom shares have added about 27.6% in 2020 versus the S&P's gain of 2.1%. Read more.