SAN FRANCISCO (AP) _ Fastly Inc. (FSLY) on Thursday reported a loss of $12.2 million in its third quarter.
On a per-share basis, the San Francisco-based company said it had a loss of 13 cents. Losses, adjusted for stock option expense, were 9 cents per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 14 cents per share.
The cloud software developer posted revenue of $49.8 million in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $48.3 million.
For the current quarter ending in December, Fastly expects its results to range from a loss of 13 cents per share to a loss of 10 cents per share.
The company said it expects revenue in the range of $52.5 million to $56.5 million for the fiscal fourth quarter.
Fastly expects full-year results to range from a loss of 54 cents per share to a loss of 51 cents per share, with revenue ranging from $194 million to $198 million.