SAN FRANCISCO (AP) _ Fastly Inc. (FSLY) on Wednesday reported a loss of $50.7 million in its first quarter.

The San Francisco-based company said it had a loss of 44 cents per share. Losses, adjusted for stock option expense and amortization costs, were 12 cents per share.

The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 11 cents per share.

The cloud software developer posted revenue of $84.9 million in the period, also missing Street forecasts. Six analysts surveyed by Zacks expected $85.1 million.

For the current quarter ending in July, Fastly expects its results to range from a loss of 19 cents per share to a loss of 16 cents per share.

The company said it expects revenue in the range of $84 million to $87 million for the fiscal second quarter.

Fastly expects full-year results to range from a loss of 44 cents per share to a loss of 35 cents per share, with revenue ranging from $380 million to $390 million.

Fastly shares have declined 34% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $58.06, more than doubling in the last 12 months.

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

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