SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Fastly Inc. (FSLY) on Wednesday reported a loss of $54.3 million in its third quarter.
On a per-share basis, the San Francisco-based company said it had a loss of 42 cents. Losses, adjusted for stock option expense and amortization costs, came to 6 cents per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.
The cloud software developer posted revenue of $127.8 million in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $126.2 million.
For the current quarter ending in December, Fastly expects its results to range from a loss of 5 cents per share to a loss of 1 cent per share.
The company said it expects revenue in the range of $137 million to $141 million for the fiscal fourth quarter.
Fastly expects full-year results to range from a loss of 23 cents per share to a loss of 19 cents per share, with revenue ranging from $505 million to $509 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