Datadog Earnings Beat Estimates But Stock Plunges 20% Amid Revenue Outlook Concerns
Earnings·3 articles across 2 outlets
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
Datadog reported Q2 earnings and revenue that exceeded estimates, guiding slightly higher for future performance.
Despite the positive earnings report, Datadog's stock fell 20%, likely due to profit-taking, which also impacted other software stocks.
Datadog
Sources
Every quote below is verbatim from the article it is attributed to.
SourceReports the news
“The software firm beat Q2 earnings and revenue estimates and guided slightly higher.”
IBD — Datadog Earnings Top Views. Software Stock Plunges As Revenue Outlook Underwhelms.“Earnings live updates: Datadog plunges 20% amid likely profit-taking, dragging on software stocks”
Yahoo Finance — Earnings live updates: Datadog plunges 20% amid likely profit-taking, dragging on software stocks