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Datadog Inc. DDOG, +1.77% shares declined in the extended session Thursday after the cloud-monitoring company’s earnings outlook did not meet Wall Street expectations, while quarterly results topped estimates.
Datadog shares fell 4% after hours, following a 1.8% rise in the regular session to close at $117.60. Over the past 12 months, shares have rallied 146%.
The company forecast adjusted earnings of 2 cents to 3 cents a share on revenue of $185 million to $187 million for the first quarter, and 10 cents to 14 cents a share on revenue of $825 million to $835 million for the year.
Analysts surveyed by FactSet had estimated 4 cents a share on revenue of $181.5 million for the first quarter, and 20 cents a share on revenue of $802.6 million for the year.
The company reported a fourth-quarter loss of $16.2 million, or 5 cents a share, versus net income of $891,000, or break-even a share, in the year-ago period.
Adjusted earnings, which exclude stock-based compensation expenses and other items, were 6 cents a share, compared with 3 cents a share in the year-ago period. Revenue rose to $177.5 million from $113.6 million in the year-ago quarter. Analysts had forecast 2 cents a share on revenue of $163.6 million.
