Datadog Exceeds Q4 Earnings Estimates, Projects Strong 2023
Datadog Inc. (DDOG) reported a Q4 net income of $45.6 million, beating analysts' consensus estimate of $43 cents per share. Excluding one-time items, adjusted earnings came in at 49 cents per share.
The New York-based company's revenue for the quarter reached $737.7 million, also surpassing market expectations of $711.6 million.
For the full year, Datadog reported a profit of $183.7 million, with revenue at $2.68 billion.
Looking ahead, the company estimates Q1 earnings per share to range from 41 to 43 cents and revenue between $737 million and $741 million.
For the full year 2023, Datadog projects earnings per share between $1.65 and $1.70 and revenue in the range of $3.18 billion to $3.2 billion.
This article was generated using data from Zacks Investment Research.