PagerDuty's stock is up following 19% jump in revenue
By Jon Swartz
PagerDuty Inc.'s stock inched higher in extended trading Thursday after the cloud-computing company reported quarterly results that breezed past analysts' revenue and earnings estimates.
"We continued to build on our momentum in the enterprise market. We helped companies manage critical work and the way they operate," PagerDuty Chief Financial Officer Howard Wilson said in an interview.
PagerDuty (PD) posted a fiscal second-quarter net loss of $22.6 million, or 26 cents a share, compared with a net loss of $38.6 million, or 44 cents a share, in the year-ago quarter. Adjusted earnings were 19 cents a share.
Revenue jumped 19% to $107.6 million from $90.25 million a year ago.
Analysts surveyed by FactSet had expected on average net income of 11 cents a share on revenue of $104.5 million.
The company provided fiscal third-quarter revenue guidance of between $106.5 million and $108.5 million. Analysts polled by FactSet are forecasting $107.3 million.
Shares of PagerDuty have slid 3% this year, while the broader S&P 500 index SPX has increased 17%.
-Jon Swartz
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
08-31-23 1610ET
Copyright (c) 2023 Dow Jones & Company, Inc.-
Going Into Earnings, Is Palantir Stock a Buy, a Sell, or Fairly Valued?
-
What’s Happening in the Markets This Week
-
4 Top Dividend-Paying REIT Stock Picks
-
After Earnings, Is Netflix Stock a Buy, a Sell, or Fairly Valued?
-
P-CAPE: A Better Way for Investors to Estimate Future Returns
-
Which Stocks Have Driven the Stealth Large-Value Rally?
-
Forecasts for Q2 GDP Report Show a Healthy but Slowing Economy
-
5 Stocks to Buy as the Market Rally Broadens
-
4 Top US Travel Stock Picks
-
How Do Interest Rates Affect Stock Market Returns?
-
American Airlines Earnings: Ticket Distribution Misstep Affected Results
-
Going Into Earnings, Is Albemarle Stock a Buy, a Sell, or Fairly Valued?
-
3 Top Cybersecurity Stock Picks for Long-Term Investors
-
AbbVie Earnings: Firm Sees Strong Next-Generation Immunology Drugs Sales
-
Ford Earnings: Warranty Problems on Older Vehicles Slam Results
-
ServiceNow Earnings: Operating on a Higher Plane Within Enterprise Software