PagerDuty Raises FY24 Total Revenue Outlook From $426M-$430M To $429M-$431M (Est. $428.44M) , Adj. EPS From $0.60-$0.65 To $0.72-$0.73 (Est. $0.64)
Portfolio Pulse from Benzinga Newsdesk
PagerDuty has increased its FY24 total revenue forecast from $426M-$430M to $429M-$431M, surpassing the estimated $428.44M. Additionally, the company has raised its adjusted EPS guidance from $0.60-$0.65 to $0.72-$0.73, which is higher than the estimated $0.64.
November 30, 2023 | 9:23 pm
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PagerDuty has raised its FY24 revenue and adjusted EPS forecasts, indicating stronger performance than previously expected and surpassing analyst estimates.
PagerDuty's upward revision of both revenue and EPS forecasts for FY24 suggests that the company is performing better than expected. This positive adjustment is likely to be well-received by investors and could lead to a short-term increase in stock price, as it indicates potential for higher future profitability.
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