Fastly: Q1 Earnings Insights

Fastly FSLY reported its Q1 earnings results on Wednesday, May 4, 2022 at 04:05 PM.

Here's what investors need to know about the announcement.

Fastly missed estimated earnings by 7.14%, reporting an EPS of $-0.15 versus an estimate of $-0.14.

Revenue was up $17.53 million from the same period last year.

Last quarter the company beat on EPS by $0.06 which was followed by a 33.63% drop in the share price the next day.

Here's a look at Fastly's past performance:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	-0.16	-0.19	-0.17	-0.11
EPS Actual	-0.10	-0.11	-0.15	-0.12
Revenue Estimate	92.48M	83.71M	85.73M	85.08M
Revenue Actual	97.72M	86.73M	85.03M	84.85M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Fastly management provided guidance for FY 2022, expecting earnings between $-0.6 and $-0.5 per share.

To track all earnings releases for Fastly visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Calendar