Datadog stock advances after earnings beat

Shares of Datadog Inc.

were rising nearly 5% in premarket trading Thursday after the company, which makes monitoring software for cloud applications, topped expectations with its first-quarter earnings and revenue. The company recorded a net loss of $24.1 million, or 8 cents a share, whereas it posted net income of $9.7 million, or 3 cents a share, in the year-before quarter. On an adjusted basis, Datadog earned 28 cents a share, while analysts tracked by FactSet had been expecting 23 cents a share.

were rising nearly 5% in premarket trading Thursday after the company, which makes monitoring software for cloud applications, topped expectations with its first-quarter earnings and revenue. The company recorded a net loss of $24.1 million, or 8 cents a share, whereas it posted net income of $9.7 million, or 3 cents a share, in the year-before quarter. On an adjusted basis, Datadog earned 28 cents a share, while analysts tracked by FactSet had been expecting 23 cents a share.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Stock Market News: Uber shares soar, Yellen warns on debt ceiling, IBM, Chegg CEOs talk AITreasury Secretary Janet Yellen warns on debt ceiling as the Federal Reserve begins its two-day meeting. JOLTS report kicks off jobs data. Uber, Pfizer, Starbucks earnings in focus. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Sumber: FoxBusiness - 🏆 458. / 53 Baca lebih lajut »