Categories Earnings, Technology

Fastly (FSLY): Q4 2019 Earnings Snapshot

Earnings Update by AlphaStreet

—  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.  

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Also Read:  Darden earnings preview: Olive Garden to drive growth in Q1

Most Popular

Macy’s (M) problems started way before the pandemic and the road to recovery is bumpy

The retail industry was hit hard by the COVID-19 pandemic. The shelter-in-place orders and store closures impacted several major retailers and department store giants. Macy’s Inc. (NYSE: M) was one

What’s the long-term view on Park Hotels & Resorts (PK)?

Real estate investment trust companies, which were considered to be the safest for investment, have been shattered since March of this year. Hotels and resorts have been mostly closed with

MamaMancini’s expects Beyond Meat deal to have a better serving post Covid-19

Like all other businesses, the packaged food industry is going through a highly volatile phase, with the coronavirus bringing a paradigm shift in consumer behavior. While store operators, in general,

Tags

Top