DigitalOcean Holdings DOCN reported its Q2 earnings results on Monday, August 8, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
DigitalOcean Holdings beat estimated earnings by 100.0%, reporting an EPS of $0.2 versus an estimate of $0.1.
Revenue was up $30.07 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.05 which was followed by a 18.14% drop in the share price the next day.
Here's a look at DigitalOcean Holdings's past performance:
|Quarter||Q1 2022||Q4 2021||Q3 2021||Q2 2021|
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
DigitalOcean Holdings management provided guidance for FY 2022, expecting earnings between $0.74 and $0.75 per share.
To track all earnings releases for DigitalOcean Holdings visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.