Fastly: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Fastly (NYSE:FSLY) reported Q4 earnings with a significant beat on estimated earnings, posting an EPS of $0.01 versus an estimate of $-0.02, a 150% beat. Revenue increased by $18.46 million from the same period last year. This follows a pattern of beating EPS estimates in previous quarters, which historically led to a share price increase the next day.
February 14, 2024 | 9:20 pm
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Fastly reported a significant beat on Q4 earnings estimates with an EPS of $0.01, surpassing the expected $-0.02, and saw a revenue increase of $18.46 million year-over-year.
Fastly's significant beat on earnings estimates and the historical pattern of share price increase following earnings beats suggest a positive short-term impact on FSLY's stock price. The company's consistent performance in surpassing EPS estimates and revenue growth are key factors driving this analysis.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100