Fastly Q3 2023 Adj EPS $(0.06) Beats $(0.08) Estimate, Sales $127.82M Beat $126.56M Estimate
Portfolio Pulse from totan@benzinga.com
Fastly (NYSE:FSLY) reported Q3 2023 earnings with adjusted EPS of $(0.06), beating the estimate of $(0.08) by 25%. The company also reported sales of $127.82M, surpassing the estimate of $126.56M by 0.99%. These figures represent a 57.14% increase in EPS and a 17.80% increase in sales compared to the same period last year.
November 01, 2023 | 8:34 pm
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POSITIVE IMPACT
Fastly's Q3 2023 earnings beat both EPS and sales estimates, showing significant YoY growth. This could potentially boost investor confidence and positively impact the stock in the short term.
Fastly's better-than-expected Q3 2023 earnings report, showing significant YoY growth in both EPS and sales, is likely to be viewed positively by investors. This could lead to increased buying pressure, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100