Datadog Inc. (DDOG) shares plummeted 10.87% in the pre-market session on Thursday, despite reporting better-than-expected Q4 results. The cloud monitoring and analytics platform provider's stock took a hit, likely due to disappointing forward guidance.
For Q4, Datadog posted adjusted EPS of $0.49, beating consensus estimates of $0.44. Revenue also topped forecasts, coming in at $738 million versus expectations of $714.5 million. Free cash flow was strong at $241 million, while adjusted free cash flow stood at $265 million.
However, the company's guidance for the upcoming quarter and full year appears to have fallen short of expectations, triggering the sharp sell-off in the pre-market trading. Details on the provided guidance were not available in the brief financial report.
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