Fastly Q4 2023 Adj EPS $0.01 Beats $(0.02) Estimate, Sales $137.78M Miss $139.46M Estimate
Portfolio Pulse from Benzinga Newsdesk
Fastly (NYSE:FSLY) reported Q4 2023 earnings of $0.01 per share, surpassing the $(0.02) estimate, marking a 112.5% increase from last year's $(0.08) per share loss. However, their $137.78M in sales fell short of the $139.46M estimate, despite being a 15.47% increase from the previous year.
February 14, 2024 | 9:16 pm
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Fastly reported a positive EPS of $0.01, beating estimates, but missed sales forecasts with $137.78M in Q4 2023.
Fastly's earnings beat and sales miss present a mixed picture. The positive EPS beat indicates operational efficiency and potential profitability, which could be favorable for investor sentiment. However, the sales miss might raise concerns about growth prospects and market expectations, potentially offsetting the positive impact of the EPS beat. Given these factors, the short-term impact on FSLY's stock price is likely to be neutral as investors weigh the positive earnings against the slight sales disappointment.
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IMPORTANCE 90
RELEVANCE 100