Datadog Q2 2024 Adj. EPS $0.43 Beats $0.37 Estimate, Sales $645.000M Beat $624.880M Estimate
Portfolio Pulse from Benzinga Newsdesk
Datadog (NASDAQ:DDOG) reported Q2 2024 adjusted EPS of $0.43, beating the estimate of $0.37. Sales were $645 million, surpassing the $624.88 million estimate and marking a 26.60% increase from the same period last year.
August 08, 2024 | 11:01 am
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POSITIVE IMPACT
Datadog's Q2 2024 earnings and sales both exceeded analyst expectations, with EPS beating by 16.22% and sales by 3.22%. This strong performance also represents a significant year-over-year sales increase of 26.60%.
The strong earnings and sales performance, beating both EPS and revenue estimates, is likely to positively impact Datadog's stock price in the short term. The significant year-over-year growth further supports a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100