Fastly Q2 Adj EPS $(0.04) Beats $(0.10) Estimate, Sales $122.83M Beat $118.69M Estimate
Portfolio Pulse from totan@benzinga.com
Fastly (NYSE:FSLY) reported Q2 earnings with losses of $(0.04) per share, beating the analyst consensus estimate of $(0.10) by 60%. This is an 82.61% increase over the same period last year. The company also reported quarterly sales of $122.83 million, beating the analyst consensus estimate of $118.69 million by 3.49%. This is a 19.81% increase over the same period last year.
August 04, 2023 | 12:13 pm
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Fastly's Q2 earnings beat estimates, with losses improving by 82.61% YoY and sales increasing by 19.81% YoY.
Fastly's Q2 earnings beat analyst estimates, which is generally a positive signal for the stock. The significant YoY improvements in both losses and sales suggest that the company's financial health is improving, which could lead to a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100