Fastly: Q4 Earnings Snapshot
By AP News
Published - Feb 15, 2023, 05:12 PM ET
Last Updated - Jun 22, 2023, 09:27 PM EDT
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.
