Twilio's first-quarter revenue increased 4% year-over-year to $1.05 billion, which beat the consensus estimate of $1.03 billion, according to Benzinga Pro.
Reddit reported quarterly losses of $8.19 per share which missed the analyst consensus estimate of losses $6.97 by 17.5%. Quarterly sales clocked in at $242.963 million, beating the analyst consensus estimate of $212.830 million by 14.16%. The company reported record user traffic, with Daily Active Uniques (DAUq) increasing 37% to 82.7 million and Weekly Active Uniques (WAUq) increasing 40% year-over-year to 306.2 million.
Upstart reported first-quarter revenue of $128 million, which beat the consensus estimate of $124.867 million, according to Benzinga Pro. Upstart's top-line results were up 24% year-over-year, but down 9% sequentially. The cloud-based AI lending platform company reported an adjusted loss of 31 cents per share, which beat analyst estimates for a loss of 39 cents per share.
Fortinet reported quarterly earnings of 43 cents per share which beat the analyst consensus estimate of 38 cents by 13.16%. Quarterly sales came in at $1.35 billion, beating the analyst consensus estimate of $1.338 billion and representing a 6.97% increase over sales of $1.262 billion from the same period last year.
Cloudflare reported quarterly earnings of 16 cents per share which beat the analyst consensus estimate of 13 cents by 23.08%. Quarterly sales clocked in at $378.6 million which beat the analyst consensus estimate of $373.09 million by 1.48% and represents a 30.47% increase from the prior year's period.