Fastly (NYSE:FSLY) reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:05 PM.
Here’s what investors need to know about the announcement.
Earnings
Fastly beat estimated earnings by 10.0%, reporting an EPS of $-0.09 versus an estimate of $-0.1.
Revenue was up $15.18 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.05 which was followed by a 15.79% increase in the share price the next day.
Here’s a look at Fastly’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.13 | -0.17 | -0.17 | -0.14 |
| EPS Actual | -0.08 | -0.14 | -0.23 | -0.15 |
| Revenue Estimate | 114.63M | 103.46M | 101.33M | 98.96M |
| Revenue Actual | 119.32M | 108.50M | 102.52M | 102.38M |
To track all earnings releases for Fastly visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
