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SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Fastly Inc. (FSLY) on Wednesday reported a loss of $46.7 million in its fourth quarter.
On a per-share basis, the San Francisco-based company said it had a loss of 38 cents. Losses, adjusted for stock option expense and amortization costs, came to 8 cents per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 12 cents per share.
The cloud software developer posted revenue of $119.3 million in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $114.4 million.
For the year, the company reported that its loss narrowed to $190.8 million, or $1.57 per share. Revenue was reported as $432.7 million.
For the current quarter ending in March, Fastly expects its results to range from a loss of 12 cents per share to a loss of 8 cents per share.
The company said it expects revenue in the range of $114 million to $117 million for the fiscal first quarter.
Fastly expects full-year results to range from a loss of 27 cents per share to a loss of 21 cents per share, with revenue ranging from $495 million to $505 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a FSLY">Zacks stock report on FSLY at https://www.zacks.com/ap/FSLY