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Revenue Up 36% and Guidance Raised, but the Stock Fell 17%

Revenue Up 36% and Guidance Raised, but the Stock Fell 17%

TradingKey – Datadog (DDOG) announced second-quarter results before the market opened on August 6. Wall Street analysts expected Datadog to report quarterly earnings of about $0.58 per share and quarterly revenue of $1.08 billion. However, Datadog came out with quarterly revenue of $1.12 billion. On the other hand, Datadog also surpassed Wall Street’s quarterly earnings per share estimate of $0.58 with quarterly earnings per share of $0.65. As a result of the strong performance of Datadog’s business, the company also raised its full-year revenue guidance to a new range of $4.45 billion to $4.47 billion. Datadog also raised its adjusted full-year earnings guidance to a new range of $2.52 per share. On a pretty standard day in the…

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