Twilio is trading at $210.55, down 12.94%, as software-sector weakness weighs on shares.
- Twilio reported Q3 revenue of $1.56B and EPS above estimates, and raised full-year guidance; these results do not explain the sharp drop on their own.
- Earnings from ServiceNow and Fortinet sparked a selloff across software stocks, while weak market sentiment added pressure. This sector backdrop is the clearest available explanation for the after-hours decline.