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Tech names Fastly Inc (NYSE:FSLY) and Qualcomm Inc (NASDAQ:QCOM) just announced their earnings results, with staggeringly different outcomes for the stocks. Cloud stock FSLY is down 34.3% at $8.50 at last glance, trading at 52-week lows and on track for its worst single-session percentage loss ever. The company announced mixed first-quarter results, with wider-than-expected losses per share alongside a revenue beat, and lowered its full-year revenue forecast. BofA Global Research downgraded Fastly stock to ...

Fastly (NYSE:FSLY) stock is falling on Thursday following the release of its earnings report for the first quarter of 2024.Weighing on FSLY stock today is the cloud platform company’s outlook in this report. It expects Q2 EPS to range from -10 cents to -6 cents alongside revenue between $130 million and $134 million. For comparison, Wall Street’s Q2 estimates include EPS of -2 cents on $140.16 million in revenue.Also not helping matters is Fastly’s guidance for 2024. The company is expecting EPS ranging fro ...

About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical ...

pingingz Shares of Fastly (NYSE:FSLY) were down 30% after the cloud-edge computing company reported results for its first-quarter and disappointed the market with a weak revenue forecast for Q2'24. The market very likely overreacted to the company's top-line outlook, in my opinion, and with a promising margin trend, I believe investors have been overly focused on the negatives in Fastly's earnings report. With growing GAAP margins and still double-digit top-line momentum expected for FY 2024, I believe the ...

For the quarter ended March 2024, Fastly (FSLY) reported revenue of $133.52 million, up 13.6% over the same period last year. EPS came in at -$0.05, compared to -$0.09 in the year-ago quarter.The reported revenue represents a surprise of +0.38% over the Zacks Consensus Estimate of $133.01 million. With the consensus EPS estimate being -$0.07, the EPS surprise was +28.57%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ex ...

Fastly (FSLY) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.07. This compares to loss of $0.09 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 28.57%. A quarter ago, it was expected that this cloud software developer would post a loss of $0.02 per share when it actually produced earnings of $0.01, delivering a surprise of 150%.Over the last four quarters, the company has ...

or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38897 ____________________________ FASTLY, INC. UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ____________________________ FORM 10-Q ____________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 (Exact name of registrant as spe ...

First Quarter 2024 Investor Supplement Product Innovation and Developments Customer and Partner Highlights Corporate Highlights Key Metrics Highlights Second Quarter and Full Year 2024 Guidance | | Q2 2024 | Full Year 2024 | | --- | --- | --- | | Total Revenue (millions) | $130.0 - $134.0 | $555.0 - $565.0 | | Non-GAAP Operating (4) Loss (millions) | ($16.0) - ($12.0) | ($28.0) - ($22.0) | | Non-GAAP Net Loss per (5)(6) share | ($0.10) - ($0.06) | ($0.12) - ($0.06) | Calculations of Key and Other Selected M ...

The upcoming report from Fastly (FSLY) is expected to reveal quarterly loss of $0.07 per share, indicating an increase of 22.2% compared to the year-ago period. Analysts forecast revenues of $133.01 million, representing an increase of 13.1% year over year.Over the last 30 days, there has been a downward revision of 0.7% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of t ...