Why Twilio Stock Dropped Today

Shares of Twilio (TWLO -15.39%) fell 15.4% on Thursday despite stronger-than-expected quarterly results from the communication software tools provider. It seems the market is focused on Twilio's light forward guidance.Twilio ended 2023 on a high noteFor its fourth quarter of 2023, Twilio saw revenue climb 5% year over year to $1.08 billion, while its adjusted (non-GAAP) net income nearly quadrupled over the same period to $0.86 per share. By comparison, most Wall Street analysts were modeling earnings of on ...