India, May 7 -- Shares of Datadog, Inc. (DDOG) are slipping nearly 10% on Tuesday morning after reporting its first quarter results and issuing outlook.
DDOG is currently trading at $114.40, down $12.57 or 9.90%, on the Nasdaq. The stock opened its trading at $113.70 after closing Monday at $126.97. The stock has traded between $77.81 and $138.61 in the past 52-week period.
For the first quarter, net income was $42.6 million or $0.12 per share, compared to net loss of $24.1 million or $0.08 per share last year. Revenues for the quarter rose to $611.3 million from $481.7 million last year.
Adjusted earnings for the quarter were $0.44 per share, compared to $0.23 per share last year.
Analysts polled by Thomson Reuters expected earnings of...