Datadog Stock Gains on Q3 Earnings Beat & Y/Y Revenue Growth
Datadog(DDOG) ZACKS·2024-11-09 04:20
Datadog (DDOG) reported third-quarter 2024 non-GAAP earnings of 46 cents, which increased 27.8% from the year-ago quarter and beat the Zacks Consensus Estimate by 17.95%.Revenues of $690 million rose 26% year over year and beat the consensus estimate by 4.15%.Following the results, DDOG shares rose 1.12% in the pre-market trading. Datadog’s stock has gained 6.9% against the Zacks Computer and Technology sector’s rise of 28.5% in the year-to-date period.DDOG’s Quarterly Details Datadog ended the third quarte ...