Datadog: Q1 Earnings Snapshot
By AP News
Published - May 04, 2023, 07:27 AM ET
Last Updated - Jun 21, 2023, 10:56 PM EDT
NEW YORK (AP) — NEW YORK (AP) — Datadog Inc. (DDOG) on Thursday reported a loss of $24.1 million in its first quarter.
The New York-based company said it had a loss of 8 cents per share. Earnings, adjusted for stock option expense and amortization costs, came to 28 cents per share.
The results surpassed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share.
The data analytics and cloud monitoring company posted revenue of $481.7 million in the period, which also beat Street forecasts. Twelve analysts surveyed by Zacks expected $468.3 million.
