Fastly’s stock is up 10% on better-than-expected earnings, revenue

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

Jon Swartz is a senior reporter for MarketWatch in San Francisco, covering many of the biggest players in tech, including Netflix, Facebook and Google. Jon has covered technology for more than 20 years, and previously worked for Barron's and USA Today. Follow him on Twitter @jswartz.

Shares of Fastly Inc.

were popping 10% in after-hours trading Wednesday after the cloud-computing company reported quarterly results that edged analyst forecasts. Fastly posted a fiscal third-quarter net loss of $54.3 million, or 42 cents a share, compared with a net loss of $63.4 million, or 52 cents a share, in the year-ago quarter. Adjusted earnings were a loss of 6 cents a share. Revenue improved to $127.8 million, compared with $108.5 million a year ago.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines