Fastly (NYSE: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.
Earnings
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.
Past Earnings Performance
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).
Guidance
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.
