Datadog Q1 2024 Adj EPS $0.44 Beats $0.35 Estimate, Sales $611.00M Beat $591.28M Estimate
Portfolio Pulse from Benzinga Newsdesk
Datadog reported Q1 2024 adjusted EPS of $0.44, surpassing the $0.35 estimate, with sales of $611M also beating the $591.28M estimate, marking a 26.84% increase from the previous year.
May 07, 2024 | 11:01 am
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POSITIVE IMPACT
Datadog's Q1 2024 earnings and sales exceeded analyst expectations, with a significant year-over-year sales growth.
Beating both earnings and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The substantial year-over-year sales growth further underscores the company's strong performance and potential for future growth, likely boosting investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100