FSLY - What's Going On With Fastly Stock After Earnings? | Benzinga
Fastly, Inc. (NYSE:FSLY) shares are falling Thursday after the company issued weak second-quarter and fiscal year guidance.
The Details:
Fastly reported better-than-expected quarterly results, however, the company issued forward-looking guidance below the analysts' estimates.
Fastly sees second-quarter losses between 6 cents and 10 cents per share, versus the losses of 2 cents per share estimate. The company expects second-quarter revenue in a range of $130 million and $134 million, versus the $140.16 million analyst estimate.
The company sees full-year 2024 losses of between 6 cents and 12 cents per share, versus the loss of 3 cents estimate, and full-year revenue in a range of $555 million and $565 million, versus the $584.59 million estimate.
"I am pleased with the first quarter operating performance, posting non-GAAP operating ...