Datadog's stock explodes toward best day on record after earnings

Datadog Inc. shares were roaring 28% higher in morning action Tuesday after the software company, which makes tools for monitoring infrastructure and application performance, showed upside with its latest quarterly results and delivered a better-than-expected forecast.

Datadog’s DDOG, +29.34% third-quarter revenue came in at $547.5 million, up from $436.5 million a year before and ahead of the $524.7 million that analysts tracked by FactSet were projecting. The company racked up third-quarter net income of $22.6 million, or 6 cents a share, whereas it posted a net loss of $26 million, or 8 cents a share, in the year-earlier period. On an adjusted basis, Datadog earned 45 cents a share, far ahead of the 34-cent FactSet consensus.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Datadog’s stock rockets as earnings, forecast blow past estimatesEmily Bary is a MarketWatch news editor based in New York.
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »

Snowflake, MongoDB shares rally sharply after Datadog earningsEmily Bary is a MarketWatch news editor based in New York.
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »

Datadog Stock Surges 24% After Earnings. What's Exciting Wall Street.For the fourth quarter, Datadog expects revenue of between $564 million and $568 million, beating analysts’ estimates of $544.9 million.
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »