BUZZ -Sinch falls after 'mixed' Q3 results

Reuters
Nov 05
BUZZ -Sinch falls after 'mixed' Q3 results

** Shares in Sinch SINCH.ST are down around 9% after the Swedish cloud communications company posted its Q3 report, which analysts have described as "mixed"

** Q3 sales came in at SEK 6,659 mln, below the SEK 6,873 mln estimate seen in LSEG poll, while adjusted EBITDA of SEK 915 mln beat the SEK 850.4 mln estimate

** In light of "impressive trends" at peer Twilio TWLO.N, and given Sinch shares being already up 64% YTD, J.P.Morgan says the "mixed" results may be considered "a little underwhelming"

** Twilio shares jumped 11% on Friday, after the group delivered better-than-expected sales and hiked its revenue growth outlook

** Sinch stock is on track for on track for its worst day since April if losses hold

(Reporting by Marta Frackowiak, Izabela Niemiec)

((marta.frackowiak@thomsonreuters.com))

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