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:

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.