Fastly Q1 Adj $(0.05) Beats $(0.06) Estimate, Sales $133.52M Beat $133.10M Estimate
Portfolio Pulse from Benzinga Newsdesk
Fastly reported Q1 earnings with losses of $(0.05) per share, surpassing the $(0.06) estimate, and sales of $133.52M, exceeding the $133.10M estimate. This represents a 44.44% improvement in losses and a 13.57% increase in sales year-over-year.
May 01, 2024 | 8:11 pm
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Fastly's Q1 earnings outperformed expectations with a smaller loss and higher sales than anticipated, indicating a positive trend in its financial performance.
Fastly's better-than-expected Q1 earnings report, showing both a decrease in losses and an increase in sales compared to last year, suggests a positive trajectory for the company's financial health. This performance could lead to increased investor confidence and a potential uptick in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100