NEW YORK (AP) — NEW YORK (AP) — Datadog Inc. (DDOG) on Thursday reported a fourth-quarter loss of $29 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the New York-based company said it had a loss of 9 cents. Earnings, adjusted for stock option expense and amortization costs, were 26 cents per share.
The results surpassed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share.
The data analytics and cloud monitoring company posted revenue of $469.4 million in the period, also surpassing Street forecasts. Eleven analysts surveyed by Zacks expected $447 million.
For the year, the company reported that its loss widened to $50.2 million, or 16 cents per share. Revenue was reported as $1.68 billion.
For the current quarter ending in March, Datadog expects its per-share earnings to range from 22 cents to 24 cents.
The company said it expects revenue in the range of $466 million to $470 million for the fiscal first quarter.
Datadog expects full-year earnings in the range of $1.02 to $1.09 per share, with revenue ranging from $2.07 billion to $2.09 billion.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DDOG at https://www.zacks.com/ap/DDOG
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