Fastly Inc reports results for the quarter ended June 30 - Earnings Summary

• Fastly Inc FSLY.N reported a quarterly adjusted loss of 3 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -7 cents. The mean expectation of ten analysts for the quarter was for a loss of 5 cents per share. Wall Street expected results to range from -8 cents to -2 cents per share.

• Revenue rose 12.3% to $148.71 million from a year ago; analysts expected $144.85 million.

• Fastly Inc's reported EPS for the quarter was a loss of 26 cents​.

• The company reported a quarterly loss of $37.54 million.

• Fastly Inc shares had fallen by 9.6% this quarter and lost 32.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 13.4% 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 no "strong buy" or "buy," 9 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the it services & consulting peer group is "buy."

• Wall Street's median 12-month price target for Fastly Inc is $6.75, about 3.4% above its last closing price of $6.52

This summary was machine generated from LSEG data August 6 at 10:27 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)