SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Fastly Inc. (FSLY) on Wednesday reported a loss of $10.7 million in its second quarter.
On a per-share basis, the San Francisco-based company said it had a loss of 8 cents. Losses, adjusted for one-time gains and costs, came to 4 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 10 cents per share.
The cloud software developer posted revenue of $122.8 million in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $118.7 million.
For the current quarter ending in September, Fastly expects its results to range from a loss of 9 cents per share to a loss of 7 cents per share.
The company said it expects revenue in the range of $125 million to $128 million for the fiscal third quarter.
Fastly expects full-year results to range from a loss of 27 cents per share to a loss of 21 cents per share, with revenue ranging from $500 million to $510 million.
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