Datadog Sees Q3 Adj. EPS $0.38-$40 Vs $0.37 Est.; Revenue $660M-$664M Vs $664.188M Est.
Portfolio Pulse from Benzinga Newsdesk
Datadog has released its Q3 financial guidance, projecting adjusted EPS between $0.38 and $0.40, slightly above the estimated $0.37. However, its revenue forecast of $660M-$664M is slightly below the estimated $664.188M.
August 08, 2024 | 11:03 am
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Datadog's Q3 guidance indicates a positive EPS outlook but a slightly lower revenue forecast compared to estimates. This mixed guidance could lead to short-term volatility in the stock price.
The higher-than-expected EPS is a positive sign, but the slightly lower revenue forecast may concern investors. This mixed guidance could result in short-term volatility as the market digests the news.
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