Fastly, Inc. (FSLY) Tops Q1 EPS by 6c; Raises Outlook

Fastly, Inc. (NYSE: FSLY) reported Q1 EPS of ($0.06), $0.06 better than the analyst estimate of ($0.12). Revenue for the quarter came in at $63 million versus the consensus estimate of $59.38 million.

“Our first-quarter results underscore the strength and value of our modern edge platform. The momentum from 2019 continued through the first quarter and was further bolstered in late March by increased traffic on our platform from social distancing orders implemented across the world,” said Joshua Bixby, CEO of Fastly. “These unprecedented times highlight the importance of digital transformation now more than ever, and our innovative and resilient customer base enables us to remain confident in the demand for our mission-critical services and the accelerated growth of our business. As we navigate through these uncertain times, we will continue to prioritize the health and safety of our employees, customers, partners, and communities while providing reliable, scalable, and secure digital experiences to our customers.”

GUIDANCE:

Fastly, Inc. sees Q2 2020 EPS of ($0.02)-$0.00, versus the consensus of ($0.11). Fastly, Inc. sees Q2 2020 revenue of $70-75 million, versus the consensus of $59.97 million.

Fastly, Inc. sees FY2020 EPS of ($0.15)-($0.08), versus the consensus of ($0.40). Fastly, Inc. sees FY2020 revenue of $280-290 million, versus the consensus of $259.6 million.

For earnings history and earnings-related data on Fastly, Inc. (FSLY) click here.

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