Categories AlphaGraphs, Earnings, Technology
Earnings: Highlights of Fastly’s (FSLY) Q4 2022 financial results
Cloud company Fastly (NYSE: FSLY) has reported a narrower net loss for the fourth quarter of 2022, aided by an increase in revenues.
Fourth-quarter revenues increased 22% from last year to $119.3 million. As a result, the adjusted net loss narrowed to $0.08 per share in the December quarter from $0.10 per share in the same period of 2021. The unadjusted loss was $46.7 million or $0.38 per share, compared to a loss of $57.5 million or $0.49 per share a year earlier.
“We are excited to close out 2022 with another record quarter, exceeding the top end of our guidance range while demonstrating a significant improvement to gross margin,” said Todd Nightingale, CEO of Fastly.
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
Earnings Preview: Target (TGT) expected to report lower Q3 2025 sales and profit
Target Corporation (NYSE: TGT) is navigating a challenging retail landscape ahead of next week's earnings, as sales and margins face pressure from economic uncertainty and restrained consumer demand. With a
Home Depot (HD) expected to report higher revenue and earnings in Q3 2025
Shares of The Home Depot (NYSE: HD) dipped over 1% on Monday. The stock has dropped 5% in the past three months. The home improvement retailer is scheduled to report
Tyson Foods (TSN) Q4 2025 adj. earnings beat unexpectedly; sales up 2%
Tyson Foods, Inc. (NYSE: TSN), a leading processor and marketer of chicken, beef, and pork, reported stronger-than-expected earnings for the fourth quarter of fiscal 2025 when the company's sales rose
