10 Stocks Collapse Overnight

8. Twilio Inc. (NYSE:TWLO)

Twilio Inc. dropped its share prices for a third consecutive day on Monday to touch a new three-month low, as investor sentiment soured on the company’s profit margin headwinds.

At intra-day trading, Twilio Inc. (NYSE:TWLO) dropped to a three-month low of $91.85, from $92.85 last April 30, before a slight uptick to end the day just down by 6.31 percent at $92.44 apiece.

Monday also marked the second day of falling below the $100 territory, a level it last touched on May 1.

In recent news, Twilio Inc. (NYSE:TWLO) swung to a net income attributable to shareholders of $22.4 million from $31.8 million in the same period last year.

Revenues increased by 13.5 percent to $1.228 billion from $1.082 billion year-on-year.

Following the results, Twilio Inc. (NYSE:TWLO) raised its organic revenue growth guidance to between 9 and 10 percent, from the 7.5 to 8.5 percent expected previously. Revenues were targeted to increase by 10 to 11 percent year-on-year.