Stock Alert: PagerDuty Jumps On Upbeat Earnings

By RTTNews Staff Writer   ✉   | Published:

Shares of digital operations management company PagerDuty, Inc. (PD) are rising more than 18% Friday morning after reporting better-than-expected third quarter results.

Third-quarter net loss per share was $0.26, compared to net loss of $0.20 per share in the same quarter a year ago.

Loss on an adjusted basis was $0.09 per share,that beat the average estimate of analysts polled by Thomson Reuters for a loss of $0.10 per share.

Total revenue for the quarter was $53.8 million, up 25.8% year-over-year.

For the fourth quarter, the company sees revenue to be in the range of $57.0 million - $58.0 million and adjusted loss per share in the range of $0.12 - $0.11. Analysts see loss per share of $0.10 on revenue of $55.6 million for the quarter.

For the full-year, revenue is expected in the range of $211.0 million - $212.0 million and adjusted loss per share to be in the range of $0.30 - $0.29. The consensus estimate for revenue is at $208.72 and for loss per share is at $0.29 per share for the period.

PD touched a new high of $40.04 this morning and currently trading at $38.57.

For comments and feedback contact: editorial@rttnews.com

Business News

Next Story
Editors Pick
Lyft Offering Discounted Rides For Runoff Races In Louisiana, Georgia
After providing free and discounted rides to the polls on Election Day, Lyft is now set to support voters with discounted rides to the polls for the federal runoff races in Louisiana and Georgia. They also provided similar rides during the primary season. The ride-sharing company is continuing its Voting Access Program to provide affordable transportation to voters in need.
Dollar General Q3 Results Top Estimates; Kroger Profit Beats, But Revenue Misses
Discount retailer Dollar General Corp. and supermarket chain Kroger Co. on Thursday reported sharp increases in their quarterly profits on higher sales. While Dollar General's results trounced analysts' estimates, Kroger's earnings beat expectations while revenue fell short. Dollar General's profit for the third quarter surged 57 percent from last year.
Discovery To Launch Streaming Service Discovery+ In January
On January 4, 2021, Discovery plans to launch its new standalone streaming service called Discovery+ which will also offer exclusive streaming access to the BBC's award-winning natural history shows like Planet Earth, Blue Planet, and Frozen Planet. The channel is expected to offer the largest content of real-life entertainment provided by any streaming platform at launch.