NEW YORK (AP) _ Datadog Inc. (DDOG) reported Thursday net income of $ 891,000 in the fourth quarter.
The New York-based company said it achieved earnings per share of less than 1 cent. The result adjusted for stock option costs and amortization costs was 3 cents per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research resulted in a loss of 2 cents per share.
The data analytics and cloud monitoring company had sales of $ 113.6 million in the reporting period, exceeding Street’s forecasts. Six analysts interviewed by Zacks expected $ 102.2 million.
For the year, the company reported a loss of $ 16.7 million, or 12 cents per share. Revenue was reported at $ 362.8 million.
For the current quarter ending in April, Datadog expects earnings from 2 cents per share to 1 cent per share.
The company expects sales in the range of $ 117-119 million for the first quarter of the fiscal year.
Datadog expects a loss of 7 cents per share for the full year to a loss of 3 cents per share with sales of between $ 535 and 545 million.
Datadog shares have risen by 28% since the beginning of the year.
This story was created by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DDOG at https://www.zacks.com/ap/DDOG