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#Earnings Results: Datadog stock soars after earnings beat suggests company could be ‘out of the doghouse’

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Revenue outlook roughly in line with the consensus view but above ‘worries’ about a potentially lower forecast

Shares of Datadog Inc. were rising 13% in morning trading Thursday after the company, which makes monitoring software for cloud applications, topped expectations with its first-quarter earnings and revenue.

The company recorded a net loss of $24.1 million, or 8 cents a share, whereas it posted net income of $9.7 million, or 3 cents a share, in the year-before quarter. On an adjusted basis, Datadog DDOG earned 28 cents a share, while analysts tracked by FactSet had been expecting 23 cents a share.

Revenue…

Emily Bary

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