PagerDuty Q1 Adj $0.17 Beats $0.13 Estimate, Sales $111.17M Miss $111.45M Estimate
Portfolio Pulse from Benzinga Newsdesk
PagerDuty (NYSE:PD) reported Q1 earnings of $0.17 per share, beating the analyst estimate of $0.13, but sales of $111.17M missed the $111.45M estimate. Earnings decreased by 15% year-over-year, while sales increased by 7.68%.
May 30, 2024 | 8:23 pm
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NEUTRAL IMPACT
PagerDuty's Q1 earnings per share of $0.17 beat estimates by 30.77%, but sales of $111.17M slightly missed expectations. Despite a 15% YoY decrease in earnings, sales grew by 7.68%.
The mixed results, with earnings beating but sales missing estimates, suggest a neutral short-term impact on the stock. The YoY decrease in earnings is offset by the sales growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100