NEW YORK (AP) _ Datadog Inc. (DDOG) on Thursday reported a second-quarter loss of $9.4 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the New York-based company said it had a loss of 3 cents. Earnings, adjusted for stock option expense and amortization costs, came to 9 cents per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.
The data analytics and cloud monitoring company posted revenue of $233.5 million in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $212.1 million.
For the current quarter ending in October, Datadog expects its per-share earnings to range from 5 cents to 6 cents.
The company said it expects revenue in the range of $246 million to $248 million for the fiscal third quarter.
Datadog expects full-year earnings in the range of 26 cents to 28 cents per share, with revenue ranging from $938 million to $944 million.
Datadog shares have risen 17% since the beginning of the year. The stock has risen 22% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DDOG at https://www.zacks.com/ap/DDOG
Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News