
Twilio Inc. reported strong third-quarter earnings, with revenue reaching $1.134 billion, a 10% increase year-over-year, and earnings per share (EPS) of $1.02, surpassing estimates of $0.86. Following the announcement, Twilio's shares surged over 10% in after-hours trading. The company also raised its full-year guidance for operational income to between $700 million and $710 million. Analysts responded positively, with Piper Sandler raising its price target for Twilio to $94, while Needham increased its target to $91 from $71, citing improved momentum and efficient execution in the communications sector. Meanwhile, TeamViewer AG also reported strong earnings, with Q1 EPS of $0.77 beating estimates of $0.54, and revenue of $1.19 billion exceeding expectations of $966.11 million. TeamViewer's subscription revenue grew by 33% year-over-year, and the company approved a new $1.5 billion share repurchase program, contributing to a significant increase in its stock price, which rose by approximately 20% in after-hours trading.
$TEAM popping back to highs still up +20% now, a top earnings drift play likely heading to 250 from here
$TEAM Q1 EPS $0.77 vs $0.54 Est Revenue $1.19B vs $966.11B Est - Subscription revenue was $1.132B, up 33% YoY - Board Approves New $1.5B Share Repurchase Program
$TEAM strong earnings beat exploding higher +15% and should be good for software sector
