Cloudflare: Q3 Earnings Snapshot
By AP News
Published - Nov 07, 2024, 06:27 PM ET
Last Updated - Dec 16, 2024, 05:34 PM EST
SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Cloudflare, Inc. (NET) on Thursday reported a loss of $15.3 million in its third 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 topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share.
The web security and content delivery company posted revenue of $430.1 million in the period, also surpassing Street forecasts. Nine analysts surveyed by Zacks expected $423.6 million.
