Recap: DigitalOcean Holdings Q4 Earnings
Portfolio Pulse from Benzinga Insights
DigitalOcean Holdings (DOCN) reported Q4 earnings with an EPS of $0.44, beating estimates by 18.92% and revenue up $17.88 million YOY. This follows a previous quarter where beating EPS estimates led to a 16.63% share price increase.
February 21, 2024 | 9:15 pm
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DigitalOcean Holdings reported a significant beat on Q4 earnings and a notable year-over-year revenue increase, continuing its trend of surpassing EPS estimates.
Given DOCN's history of stock price increase following an earnings beat, as seen in the previous quarter, and the significant beat this quarter, it's likely to positively impact the stock price in the short term.
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