Why Is Fastly (FSLY) Stock Down 36% Today?
FSLYFastly(FSLY) InvestorPlace·2024-05-02 20:30

Fastly (NYSE:FSLY) stock is falling on Thursday following the release of its earnings report for the first quarter of 2024. Weighing on FSLY stock today is the cloud platform company’s outlook in this report. It expects Q2 EPS to range from -10 cents to -6 cents alongside revenue between 130millionand130 million and 134 million. For comparison, Wall Street’s Q2 estimates include EPS of -2 cents on $140.16 million in revenue. Also not helping matters is Fastly’s guidance for 2024. The company is expecting EPS ranging f ...