CORRECTION: DigitalOcean Sees Q4 EPS $0.36-$0.37 Vs $0.38 Est
Portfolio Pulse from Benzinga Newsdesk
DigitalOcean has revised its Q4 earnings per share (EPS) forecast to $0.36-$0.37, which is lower than the estimated $0.38.
November 02, 2023 | 9:13 pm
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NEGATIVE IMPACT
DigitalOcean's lower than expected Q4 EPS forecast may negatively impact its stock price in the short term.
Earnings per share (EPS) is a key indicator of a company's profitability. A lower than expected EPS forecast often leads to a decrease in the company's stock price as it indicates that the company may not perform as well as investors expected.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100