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Consumer Discretionary : Internet & Direct Marketing Retail | Large Cap Growth
Company profile, Inc. offers a range of products and services through its Websites. The Company's products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. It also manufactures and sells electronic devices. It operates through three segments: North America, International and Amazon Web Services (AWS). Its AWS products include analytics, Amazon Athena, Amazon CloudSearch, Amazon EMR, Amazon Elasticsearch Service, Amazon Kinesis, Amazon Managed Streaming for Apache Kafka, Amazon Redshift, Amazon QuickSight, AWS Data Pipeline, AWS Glue and AWS Lake Formation. AWS solutions include machine learning, analytics and data lakes, Internet of Things, serverless computing, containers, enterprise applications, and storage. In addition, the Company provides services, such as advertising. It also offers Amazon Prime, a membership program that includes free shipping, access to streaming of various movies and television (TV) episodes.


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Fastly stock tanks after CEO change, Q4 results

4:25 pm ET February 20, 2020 (MarketWatch)

Shares of Fastly Inc. (FSLY) fell more than 10% in the extended session Thursday after the cloud computing company said Chief Executive Artur Bergman was stepping down to become the company's chief architect and executive chairman. Fastly's President Joshua Bixby will become the company's CEO, with board member David Hornik appointed lead independent director, the company said in a statement. In a separate statement, Fastly said it had "a solid finish to 2019," reporting a narrower-than-expected adjusted loss for its fourth quarter. Fastly said it lost $14 million, or 15 cents a share, in the quarter, compared with a loss of $7 million, or 29 cents a share, in the year-ago period. Adjusted for one-time items, Fastly lost 10 cents a share, compared with a loss of 24 cents a share a year ago. Sales rose 44% to $59 million in the quarter, the company said. Analysts polled by FactSet had expected an adjusted loss of 12 cents a share on sales of $55 million for the company. Fastly guided for a per-share loss between 13 cents and 11 cents for the first quarter, and a loss between 43 cents a share and 32 cents a share for 2020.

-Claudia Assis; 415-439-6400;

(END) Dow Jones Newswires

February 20, 2020 16:25 ET (21:25 GMT)

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