Datadog Boosts FY24 Outlook - Update

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(RTTNews) - While reporting financial results for the third quarter on Thursday, Datadog, Inc. (DDOG) raised its adjusted earnings and revenue guidance for the full-year 2024. The company also provided outlook for the third quarter.

For the fourth quarter, the company expects adjusted earnings in a range of $0.42 to $0.44 per share on revenues between $709 million and $713 million.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $0.39 per share on revenues of $710.36 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2024, the company now projects adjusted earnings in a range of $1.75 to $1.77 per share on revenues between $2.656 billion and $2.660 billion.

Previously, the company expected adjusted earnings in the range of $1.62 to $1.66 per share on revenues between $2.62 billion and $2.63 billion.

The Street is looking for earnings of $1.65 per share on revenues of $2.63 billion for the year.

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