— 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.
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Pinterest (NYSE: PINS) continued its rally a day after the company reported better-than-expected preliminary results for the first quarter of 2020. The stock closed at $16.83, up over 11%. The
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