High-flyer Fastly plunges 21% despite earnings beat after CEO reveals TikTok is its largest customer (FSLY) | Markets Insider

Fastly's results may have not been strong enough to impress investors, who have already bid up the company's shares 443% year-to-date as of Thursday's close.Adjusted earnings per share:Revenue grew 62% year-over-year, and the company raised its full-year revenue guidance by $10 million, from a range of $280 million to $290 million, to a range of $290 million to $300 million. That compares to analyst estimates of $285.7 million.

Additionally, Fastly said it now expects full-year earnings per share losses in a range of -1 cent to -6 cents, versus its previous expected loss of between -8 cents and -15 cents. Fastly reported the largest quarterly growth for customer count since its initial public offering. The firm now has 1,951 customers, up from 1,837 in the prior quarter.

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