Datadog Boosts FY24 Outlook - Update

2024-08-04 3490
(fxcue news) - While reporting financial results for the second quarter on Thursday, Datadog, Inc. (DDOG) raised its adjusted earnings and revenue guidance for the full-year 2024. The company also provided outlook for the third quarter. For the third quarter, the company expects adjusted earnings in a range of $0.38 to $0.40 per share on revenues between $660 million and $664 million. On average, 36 analysts polled by Thomson Reuters expect the company to report earnings of $0.37 per share on revenues of $664.19 million for the quarter. Analysts' estimates typically exclude special items. Looking ahead to fiscal 2024, the company now projects adjusted earnings in a range of $1.62 to $1.66 per share on revenues between $2.62 billion and $2.63 billion. Previously, the company expected adjusted earnings in the range of $1.51 to $1.57 per share on revenues between $2.59 billion and $2.61 billion. The Street is looking for earnings of $1.58 per share on revenues of $2.61 billion for the year. For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
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