DigitalOcean Holdings, Inc. (DOCN) revealed earnings for its fourth quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $18.27 million, or $0.19 per share. This compares with $15.94 million, or $0.17 per share, last year.
Excluding items, DigitalOcean Holdings, Inc. reported adjusted earnings of $49.13 million or $0.49 per share for the period.
Analysts on average had expected the company to earn $0.34 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 13.3% to $204.93 million from $180.87 million last year.
DigitalOcean Holdings, Inc. earnings at a glance (GAAP) :
-Earnings: $18.27 Mln. vs. $15.94 Mln. last year.
-EPS: $0.19 vs. $0.17 last year.
-Revenue: $204.93 Mln vs. $180.87 Mln last year.
-Guidance:
Next quarter EPS guidance: $0.41 to $0.46
Next quarter revenue guidance: $207 to $209 Mln
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