— Fastly Inc (NYSE: FSLY) reported loss of $0.10 per share in the fourth quarter of 2019, vs $0.11 per share loss expected.
— Q4 revenue grew 44% to $59 million, vs. $54.83 million expected, helped by increased client base.
— Dollar-Based Net Expansion Rate of 136%.
— Enterprise customers grew 5% to 288.
— For Q1 2020, company expects total revenues of $58 – 60 million, while adjusted net loss per share is projected to be $0.13 – 0.11.
— For the full year 2020, Fastly expects adjusted loss per share of $0.43 to $0.32 on revenues of $255 – 265 million.
— FSLY fell 12% immediately following the announcement.
Shares of Lyft Inc. (NASDAQ: LYFT) were up 8% in afternoon hours on Wednesday. The stock has gained 53% over the past 12 months and 25% since the beginning of
Department store chain Target Corp. (NYSE: TGT), which has been thriving on the pandemic-driven shopping boom since early last year, maintained its strong performance during the holiday season and entered
Dollar Tree (NYSE: DLTR) reported fourth-quarter financial results before the opening bell on Wednesday. The discount store reported a 7% increase in Q4 net sales to $6.7 billion. The company