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Shares of Twilio Inc (NYSE:TWLO) rose sharply in pre-market trading after the company reported better-than-expected first-quarter financial results and issued second-quarter guidance above estimates. Also, the company raised its FY26 sales guidance above estimates.
Twilio turned in first-quarter revenue of $1.41 billion, beating analyst estimates of $1.34 billion, according to Benzinga Pro. The company reported adjusted earnings of $1.50 per share for the quarter, beating estimates of $1.27 per share.
Twilio shares jumped 20.6% to $178.70 in pre-market trading.
Here are some other stocks moving in pre-market trading.
Gainers
- Cue Biopharma Inc (NASDAQ:CUE) gained 56.2% to $23.04 in pre-market trading after the company simultaneously announced a $30 million private investment in public equity financing, an exclusive Phase 2 anti-IgE antibody license and a CEO appointment.
- System1 Inc (NYSE:SST) gained 50% to $4.86 in pre-market trading.
- Akanda Corp (NASDAQ:AKAN) rose 41.2% to $69.18 in pre-market trading after jumping 88% on Thursday.
- AIOS Tech Inc (NASDAQ:AIOS) rose 39.2% to $12.99 in pre-market trading after the Hong Kong-based company filed a Securities and Exchange Commission filing announcing an extraordinary general meeting scheduled for May 29.
- 22nd Century …
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