Fastly (NYSE: FSLY) reported second-quarter financial results after the regular trading hours on Wednesday. The company reported revenues and net income that were above street expectations.
However, FSLY shares fell 9% immediately following the announcement. Fastly stock is one of the top performers this year, rising 414% since January.
CEO Joshua Bixby said, “The structural and societal changes resulting from the global pandemic continues to significantly accelerate the need for organizations to prioritize their digital transformation. We are in some of the most uncertain times in modern history, but we now clearly see that the major shift to digital will be long lasting.”
Retail giant Costco Wholesale Corporation (NASDAQ: COST) reported higher earnings and revenues for the fourth quarter of 2020, reflecting a marked increase in merchandise sales. The results also topped analysts’
The disruption caused by coronavirus has affected almost all sectors except business service providers like Cintas Corporation (NASDAQ: CTAS), which is busy helping clients maintain hygiene and safety during the
Rite Aid Corporation (NYSE: RAD) reported a narrower loss in the second quarter of 2021. Net loss shrank to $0.25 per share in the recently ended quarter from $1.49 per