SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Fastly Inc. (FSLY) on Wednesday reported a loss of $37.5 million in its second quarter.
On a per-share basis, the San Francisco-based company said it had a loss of 26 cents. Losses, adjusted for one-time gains and costs, were 3 cents per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.
The cloud software developer posted revenue of $148.7 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $145.1 million.
For the current quarter ending in September, Fastly expects its results to range from a loss of 2 cents per share to earnings of 2 cents per share.
The company said it expects revenue in the range of $149 million to $153 million for the fiscal third quarter.
Fastly expects full-year results to range from a loss of 10 cents per share to a loss of 4 cents per share, with revenue ranging from $594 million to $602 million.
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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
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