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Fastly: 3Q Earnings Snapshot

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.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FSLY at https://www.zacks.com/ap/FSLY