While reporting financial results for the third quarter on Thursday, Datadog, Inc. (DDOG) raised its adjusted earnings and revenue guidance for the full-year 2024. The company also provided outlook for the third quarter.
For the fourth quarter, the company expects adjusted earnings in a range of $0.42 to $0.44 per share on revenues between $709 million and $713 million.
On average, analysts polled by Thomson Reuters expect the company to report earnings of $0.39 per share on revenues of $710.36 million for the quarter. Analysts' estimates typically exclude special items.
Looking ahead to fiscal 2024, the company now projects adjusted earnings in a range of $1.75 to $1.77 per share on revenues between $2.656 billion and $2.660 billion.
Previously, the company expected adjusted earnings in the range of $1.62 to $1.66 per share on revenues between $2.62 billion and $2.63 billion.
The Street is looking for earnings of $1.65 per share on revenues of $2.63 billion for the year.
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Business News
December 19, 2025 15:10 ET U.S. inflation data and interest rate decisions by major central banks were the highlights of this busy week for economics news flow. Employment data and survey results on the housing markets also gained attention in the U.S. In Europe, the European Central Bank and Bank of England announced their policy decisions and macroeconomic projections.