Datadog Sees Q3 Adj. EPS $0.33-$0.35 vs $0.29 Est., Revenue $521M-$525M vs 534.48M $ Est.; Sees FY23 Adj. EPS $1.30-$1.34 vs $1.18 Est., Revenue $2.05B-$2.06B vs $2.09B Est.
Portfolio Pulse from Benzinga Newsdesk
Datadog has released its Q3 and FY23 earnings guidance. The company expects Q3 adjusted EPS to be between $0.33 and $0.35, higher than the estimated $0.29, and revenue to be between $521M and $525M, lower than the estimated $534.48M. For FY23, Datadog expects adjusted EPS to be between $1.30 and $1.34, higher than the estimated $1.18, and revenue to be between $2.05B and $2.06B, lower than the estimated $2.09B.
August 08, 2023 | 11:03 am
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Datadog's Q3 and FY23 earnings guidance suggests a mixed outlook. While the company expects to beat EPS estimates, it anticipates falling short on revenue targets.
The news directly pertains to Datadog's financial performance. While the higher-than-expected EPS is positive, the lower-than-expected revenue could be a concern for investors. The mixed outlook may lead to neutral short-term price movement.
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