Palantir Falls the Most in Nearly a Year on Sustained Losses
Fastly Stock Is Sliding After the Company’s Earnings
Shares of edge computing company Fastly (NYSE: FSLY) tumbled sharply in after-hours trading on Wednesday, following the tech company’s fourth-quarter earnings report. Going into the period, Fastly management guided for revenue to grow just 8% to 12% year over year — down from 23% growth in Q3. Fortunately, fourth-quarter growth was better than expected, with Fastly’s top line rising 13% year over year to $97.7 million, beating analysts’ average forecast for revenue of $92.5 million.