Datadog: 2Q Earnings Snapshot

Associated Press
Updated ·1 min read

NEW YORK (AP) _ Datadog Inc. (DDOG) on Thursday reported second-quarter net income of $284,000.

On a per-share basis, the New York-based company said it had net income of less than 1 cent. Earnings, adjusted for one-time gains and costs, were 5 cents per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.

The data analytics and cloud monitoring company posted revenue of $140 million in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $135.2 million.

For the current quarter ending in October, Datadog said it expects revenue in the range of $143 million to $145 million.

The company expects full-year earnings in the range of 11 cents to 13 cents per share, with revenue ranging from $566 million to $572 million.

Datadog shares have more than doubled since the beginning of the year.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DDOG at https://www.zacks.com/ap/DDOG