DigitalOcean Holdings Q2 2024 Adj. EPS $0.48 Beats $0.39 Estimate, Sales $192.000M Beat $188.564M Estimate
Portfolio Pulse from Benzinga Newsdesk
DigitalOcean Holdings (NYSE:DOCN) reported Q2 2024 adjusted EPS of $0.48, beating the estimate of $0.39 by 23.08%. Sales were $192 million, surpassing the $188.564 million estimate and showing a 13.06% increase from the same period last year.
August 08, 2024 | 8:23 pm
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POSITIVE IMPACT
DigitalOcean Holdings reported strong Q2 2024 results with EPS of $0.48 beating estimates by 23.08% and sales of $192 million surpassing estimates by 1.82%. Sales increased by 13.06% YoY.
The strong earnings and sales performance, beating both EPS and revenue estimates, is likely to positively impact DigitalOcean's stock price in the short term. The significant YoY sales growth further supports a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100