-=Fastly (FSLY) reported earnings on Wed 6 May 20 (a/h)

Fastly beats by $0.18, beats on revs; guides Q2 EPS above consensus, revs above consensus; raises FY20 EPS above consensus, revs above consensus

Reports Q1 (Mar) earnings of $0.06 per share, $0.18 better than the S&P Capital IQ Consensus of ($0.12); revenues rose 38.2% year/year to $63 mln vs the $59.4 mln S&P Capital IQ Consensus.

Co issues upside guidance for Q2, sees EPS of ($0.02)-$0.00 vs. ($0.11) S&P Capital IQ Consensus; sees Q2 revs of $70-$72 mln vs. $59.96 mln S&P Capital IQ Consensus.

Co issues raises guidance for FY20, sees EPS of ($0.15)-($0.08) vs. prior guidance of ($0.43)-($0.32) and vs. the ($0.40) S&P Capital IQ Consensus; sees FY20 revs of $280-$290 mln vs. prior guidance of $255-$265 mln and vs. the $259.62 mln S&P Capital IQ Consensus.