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Update: Twilio Shares Jump After Q1 Beat

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-- (Updates with latest stock price movement in the headline and first paragraph.)

Twilio (TWLO) shares jumped about 22% in Friday afternoon trading, a day after the company reported better-than-expected Q1 results.

The company reported Q1 adjusted earnings late Thursday of $1.50 per diluted share, up from $1.14 a year earlier.

Analysts polled by FactSet expected $1.27.

Revenue for the quarter ended March 31 was $1.41 billion, up from $1.17 billion a year earlier.

Analysts surveyed by FactSet expected $1.34 billion.

For Q2, the company expects adjusted EPS of $1.27 to $1.32 and revenue of $1.42 billion to $1.43 billion. Analysts expect $1.29 and $1.39 billion, respectively.

Price: $180.02, Change: $+31.96, Percent Change: +21.59%

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