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The company's shares declined to $103.82 in extended trading, compared to the closing price of $115.13 in New York, contributing to a 41 percent gain for the year, trailing behind the iShares Expanded Tech-Software Sector ETF's 55 percent rally.
(Bloomberg) -- Oracle Corp. plunged the most in three months after reporting that cloud sales growth had slowed for a second straight quarter, stoking investors’ concerns that the software maker’s expansion into a competitive market isn’t panning out as expected. Most Read from BloombergUS Frackers Return to Haunt OPEC’s Pricing StrategyApple to Halt US Sales of Latest Watches After Patent LossBP to Pause All Tanker Transits Through the Red SeaGulf Splits Hinder US Efforts to End Houthi Ship Att
Dow Jones futures rose overnight, along with S&P 500 futures and Nasdaq futures. MongoDB (MTP) and Dole Brothers (TOL) headline earnings after the close,
Dow Jones futures fell after hours, along with S&P 500 futures and Nasdaq futures. MongoDB (MTP) and Dole Brothers (TOL) Principal earnings after closing.
Although Twilio is in positive territory this year, activist investors are still calling for change, thus providing a lift to TWLO stock.