Datadog: Q4 Earnings Snapshot
By AP News
Published - Feb 13, 2024, 07:18 AM ET
Last Updated - Feb 13, 2024, 07:18 AM EST
NEW YORK (AP) — NEW YORK (AP) — Datadog Inc. (DDOG) on Tuesday reported fourth-quarter net income of $54 million.
On a per-share basis, the New York-based company said it had net income of 15 cents. Earnings, adjusted for stock option expense and non-recurring costs, came to 44 cents per share.
The results exceeded Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share.
The data analytics and cloud monitoring company posted revenue of $589.6 million in the period, also surpassing Street forecasts. Fourteen analysts surveyed by Zacks expected $566.7 million.
