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Datadog Stock Down 5% On Quarterly Results

Shares of Datadog, Inc. (DDOG) are slipping over 5% on Thursday morning after the company reported its second-quarter results.

DDOG is currently trading at $106.03, down $6.39 or 5.68%, on the Nasdaq.

Second-quarter loss was $4.9 million or $0.02 per share, compared to loss of $9.4 million or $0.03 per share last year.

Adjusted profit for the quarter were $0.24 per share, up from $0.09 per share last year.

Revenues for the quarter rose to $406.1 million from $233.5 million last year.

Analysts polled by Thomson Reuters expected earnings of $0.15 per share on revenues of $380.19 million.

Looking forward to the third quarter, the company expects revenues between $410 million and $414 million and adjusted earnings of $0.15 and $0.17 per share. Analysts currently estimate earnings of $0.16 per share on revenues of $412.07 million.

For the full year, the company expects revenues between $1.61 billion and $1.63 billion and adjusted earnings of $0.74 to $0.81 per share. Analysts currently estimate earnings of $0.75 per share on revenues of $1.62 billion.

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