DigitalOcean Holdings Q2 Sales $169.81M Miss $169.82M Estimate
Portfolio Pulse from totan@benzinga.com
DigitalOcean Holdings (NYSE:DOCN) reported Q2 sales of $169.81 million, missing the analyst consensus estimate of $169.82 million by 0 percent. However, this represents a 26.84 percent increase over sales of $133.88 million the same period last year.
August 04, 2023 | 2:33 pm
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DigitalOcean's Q2 sales slightly missed estimates but showed a significant YoY increase.
While DigitalOcean's Q2 sales slightly missed the analyst consensus estimate, the YoY increase of 26.84% indicates strong growth. This mixed result may lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100