Fastly Stock Tanks After Mixed Q4 Results - Here's Why
Portfolio Pulse from Erica Kollmann
Fastly, Inc. (NASDAQ:FSLY) reported mixed Q4 results with earnings of 1 cent per share, beating analyst expectations but missing sales estimates with $137.78 million. The company's outlook for Q1 and full-year revenue also falls short of analyst consensus. Shares dropped 20.2% after-hours.
February 14, 2024 | 9:56 pm
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Fastly reported mixed Q4 results with a slight earnings beat but missed on sales and provided a weaker revenue outlook, causing a 20.2% drop in after-hours trading.
Fastly's Q4 earnings beat expectations, but the miss on sales and a weaker revenue outlook for Q1 and the full year are likely to negatively impact investor sentiment in the short term, as evidenced by the significant after-hours stock price drop.
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