Datadog shares are trading lower after the company issued Q1 and FY24 EPS guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Datadog shares are trading lower following the company's announcement of Q1 and FY24 earnings per share (EPS) guidance that fell below analyst estimates.
February 13, 2024 | 12:07 pm
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Datadog's announcement of lower-than-expected Q1 and FY24 EPS guidance has led to a decrease in its share price.
The announcement of earnings per share (EPS) guidance that does not meet analyst expectations typically results in a negative short-term impact on a company's stock price. In this case, Datadog's disclosure of lower-than-expected EPS guidance for both Q1 and the full year 2024 has led to a decrease in investor confidence, thereby negatively affecting its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100