News

Datadog Inc. Posts Impressive Quarterly Results and Forecasts

1 Mins read

Datadog Inc. (DDOG) shares surge by 24% in premarket trading following the release of its latest quarterly results and better-than-expected forecast.

Company’s Financial Performance

In the third quarter, Datadog reported a net income of $22.6 million, or 6 cents per share, a significant improvement compared to a net loss of $26.0 million, or 8 cents per share, in the same period last year. Adjusted earnings per share stood at 45 cents, surpassing the FactSet consensus estimate of 34 cents.

Moreover, the company’s revenue for the quarter reached $547.5 million, exceeding the $436.5 million generated in the previous year and beating analysts’ projected revenue of $524.7 million.

Promising Outlook

Datadog anticipates continued growth, as it forecasts revenue between $564 million and $568 million for the fourth quarter. Additionally, adjusted earnings per share are projected to range from 42 cents to 44 cents. Analysts had predicted lower figures of $545 million in revenue and 35 cents in earnings per share.

This positive outlook reflects Datadog Inc.’s consistent progress and their ability to exceed market expectations. As a leading creator of infrastructure and application performance monitoring tools, their strong performance underscores their position in the industry.

Datadog Inc. (DDOG) is an innovative software company specializing in tools for monitoring infrastructure and application performance.

Related posts
News

U.S. Federal Reserve revokes crypto guidance for banks

1 Mins read
25th April 2025 – (Washington) The U.S. Federal Reserve announced on 24th April that it will withdraw previous guidance requiring state member…
News

Largo Reports Q1 2025 Production and Sales Results; Provides Update on Operational Turnaround Plans By Investing.com

7 Mins read
All dollar amounts expressed are in thousands of U.S. dollars unless otherwise indicated. Q1 2025 HighlightsBest Forex Trading Robots For 2022 TORONTO–(BUSINESS…
News

IMF、サウジの2025年成長率見通しを3%に下方修正

1 Mins read
Manya reports on prominent publicly listed U.S. financial firms, including Wall Street’s biggest banks, card companies, asset managers, and fintechs. She also…

Leave a Reply

Your email address will not be published. Required fields are marked *