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Why PagerDuty Shares Are Surging After Hours

Published 16/03/2022, 20:20
© Reuters.  Why PagerDuty Shares Are Surging After Hours
PD
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PagerDuty Inc (NYSE: PD) shares are surging in Wednesday's after-hours session after the company reported better-than-expected financial results and issued guidance.

PagerDuty said fourth-quarter revenue increased 32% year-over-year to $78.5 million, which beat the $76.08 million estimate. The company reported a quarterly earnings loss of 4 cents per share, which beat the estimate for a loss of 6 cents per share.

PagerDuty expects first-quarter revenue to be between $81.5 million and $83.5 million versus the $80.2 million estimate. The company expects to record an adjusted earnings loss between 8 and 9 cents per share versus the estimate for a loss of 6 cents per share.

PagerDuty is a software company that offers on-call management.

PD 52-Week Range: $24.02 - $50.33

The stock was up 12.4% in after hours at $30.23 at press time.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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