Fastly Inc reports results for the quarter ended December 31 - Earnings Summary

• Fastly Inc FSLY.N reported a quarterly adjusted loss of 3 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 1 cents. The mean expectation of ten analysts for the quarter was for breakeven results per share. Wall Street expected results to range from -2 cents to 1 cents per share.

• Revenue rose 2% to $140.58 million from a year ago; analysts expected $138.27 million.

• Fastly Inc's reported EPS for the quarter was a loss of 23 cents​.

• The company reported a quarterly loss of $32.89 million.

• Fastly Inc shares had risen by 6.6% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 11.1% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 8 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the it services & consulting peer group is also "hold"

Wall Street's median 12-month price target for Fastly Inc is $9.00

This summary was machine generated from LSEG data February 12 at 10:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)