DigitalOcean Holdings Q3 EPS $0.44 Beats $0.38 Estimate, Sales $177.06M Beat $173.32M Estimate
Portfolio Pulse from Benzinga Newsdesk
DigitalOcean Holdings (NYSE:DOCN) reported Q3 earnings of $0.44 per share, beating the analyst consensus estimate of $0.38 by 15.79%. The company also reported quarterly sales of $177.06 million, surpassing the analyst consensus estimate of $173.32 million by 2.16%. Both earnings and sales have increased compared to the same period last year.
November 02, 2023 | 8:04 pm
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POSITIVE IMPACT
DigitalOcean Holdings reported better than expected Q3 earnings and sales, which could positively impact its stock price in the short term.
DigitalOcean Holdings reported Q3 earnings and sales that beat analyst estimates. This positive financial performance could lead to increased investor confidence and a potential rise in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100