DigitalOcean's Q3 Non-GAAP Earnings, Revenue Rise; Issues Q4 Outlook

MT Newswires Live

Nov 04, 2024

DigitalOcean Holdings (DOCN) reported Q3 non-GAAP earnings Monday of $0.52 per diluted share, up from $0.44 a year earlier.

Analysts polled by Capital IQ expected $0.40.

Revenue for the quarter ended Sept. 30 was $198.5 million, compared with $177.1 million a year earlier.

Analysts polled by Capital IQ expected $196.8 million.

DigitalOcean said it expects Q4 non-GAAP earnings of $0.27 to $0.32 per share. Analysts surveyed by Capital IQ expect $0.38. Revenue for the quarter is projected to be $199 million to $201 million. Analysts polled by Capital IQ expect $200.1 million.

For 2024, the company said it now expects non-GAAP earnings of $1.70 to $1.75 per share, compared with the prior guidance of $1.60 to $1.70. Analysts surveyed by Capital IQ expect $1.67. Revenue for the year is now expected to be $775 million to $777 million, compared with the prior outlook of $770 million to $775 million. Analysts polled by Capital IQ expect $773.9 million.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers HK | Online Trading in stocks, bonds & ETFS","description":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","keywords":"tiger trading,tiger security,tiger broker hk,tigers co ltd,tiger trade hk,tiger brokers hk,stock broker,securities broker,online brokerage,hong kong broker,hk broker,online stock trading,online trading platform,stock trading platforms,trading application,stock trading,stock trading hong kong,buying stocks in hong kong,tiger brokers","social":{"ogDescription":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2480530081"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"HKG","license":"TBHK","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2480530081\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2480530081?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-04 21:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2480530081","market":"sg","top_or_hot":-1,"title":"DigitalOcean's Q3 Non-GAAP Earnings, Revenue Rise; Issues Q4 Outlook","media":"MT Newswires Live","content":"<html><body><p> DigitalOcean Holdings (DOCN) reported Q3 non-GAAP earnings Monday of $0.52 per diluted share, up from $0.44 a year earlier.</p><p>Analysts polled by Capital IQ expected $0.40.</p><p>Revenue for the quarter ended Sept. 30 was $198.5 million, compared with $177.1 million a year earlier.</p><p>Analysts polled by Capital IQ expected $196.8 million.</p><p>DigitalOcean said it expects Q4 non-GAAP earnings of $0.27 to $0.32 per share. Analysts surveyed by Capital IQ expect $0.38. Revenue for the quarter is projected to be $199 million to $201 million. Analysts polled by Capital IQ expect $200.1 million.</p><p>For 2024, the company said it now expects non-GAAP earnings of $1.70 to $1.75 per share, compared with the prior guidance of $1.60 to $1.70. Analysts surveyed by Capital IQ expect $1.67. Revenue for the year is now expected to be $775 million to $777 million, compared with the prior outlook of $770 million to $775 million. Analysts polled by Capital IQ expect $773.9 million.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>DigitalOcean's Q3 Non-GAAP Earnings, Revenue Rise; Issues Q4 Outlook</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDigitalOcean's Q3 Non-GAAP Earnings, Revenue Rise; Issues Q4 Outlook\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2024-11-04 21:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> DigitalOcean Holdings (DOCN) reported Q3 non-GAAP earnings Monday of $0.52 per diluted share, up from $0.44 a year earlier.</p><p>Analysts polled by Capital IQ expected $0.40.</p><p>Revenue for the quarter ended Sept. 30 was $198.5 million, compared with $177.1 million a year earlier.</p><p>Analysts polled by Capital IQ expected $196.8 million.</p><p>DigitalOcean said it expects Q4 non-GAAP earnings of $0.27 to $0.32 per share. Analysts surveyed by Capital IQ expect $0.38. Revenue for the quarter is projected to be $199 million to $201 million. Analysts polled by Capital IQ expect $200.1 million.</p><p>For 2024, the company said it now expects non-GAAP earnings of $1.70 to $1.75 per share, compared with the prior guidance of $1.60 to $1.70. Analysts surveyed by Capital IQ expect $1.67. Revenue for the year is now expected to be $775 million to $777 million, compared with the prior outlook of $770 million to $775 million. Analysts polled by Capital IQ expect $773.9 million.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DOCN","symbol_name":"DigitalOcean Holdings, Inc.","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2480530081","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2480530081","pubTimestamp":1730725218,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"DigitalOcean Holdings (DOCN) reported Q3 non-GAAP earnings Monday of $0.52 per diluted share, up from $0.44 a year earlier.Analysts polled by Capital IQ expected $0.40.Revenue for the quarter ended Se","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"DOCN":"DigitalOcean Holdings, Inc."},"translate_title":"DigitalOcean第三季度非GAAP盈利、收入增长；发布第四季度展望","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DOCN":0.9},"content_text":"DigitalOcean Holdings (DOCN) reported Q3 non-GAAP earnings Monday of $0.52 per diluted share, up from $0.44 a year earlier.Analysts polled by Capital IQ expected $0.40.Revenue for the quarter ended Sept. 30 was $198.5 million, compared with $177.1 million a year earlier.Analysts polled by Capital IQ expected $196.8 million.DigitalOcean said it expects Q4 non-GAAP earnings of $0.27 to $0.32 per share. Analysts surveyed by Capital IQ expect $0.38. Revenue for the quarter is projected to be $199 million to $201 million. Analysts polled by Capital IQ expect $200.1 million.For 2024, the company said it now expects non-GAAP earnings of $1.70 to $1.75 per share, compared with the prior guidance of $1.60 to $1.70. Analysts surveyed by Capital IQ expect $1.67. Revenue for the year is now expected to be $775 million to $777 million, compared with the prior outlook of $770 million to $775 million. Analysts polled by Capital IQ expect $773.9 million.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}