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
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%