Cloudflare: Q2 Earnings Snapshot
By AP News
Published - Aug 02, 2024, 02:48 AM ET
Last Updated - Aug 02, 2024, 02:49 AM EDT
SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Cloudflare, Inc. (NET) on Thursday reported a loss of $15.1 million in its second quarter.
On a per-share basis, the San Francisco-based company said it had a loss of 4 cents. Earnings, adjusted for one-time gains and costs, were 20 cents per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share.
The web security and content delivery company posted revenue of $401 million in the period, also surpassing Street forecasts. Ten analysts surveyed by Zacks expected $394.1 million.
