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Investing.com — PagerDuty jumped in afterhours trading Thursday after lifting its guidance following quarterly results that topped Wall Street estimates, driven by growing corporate cloud adoption.
PagerDuty (NYSE:PD) was up more than 7% in afterhours trading following the report.
The cloud computing company reported an adjusted loss per share of $0.04 on revenue of $90.3 million, topping estimates of a $0.08 per share loss on revenue of $88.3 million.
Looking ahead, the company forecast an adjusted loss of $0.04 to $0.03 per share on revenue of $92.0 million to $94.0 million, ahead of Wall Street estimates of a loss of $0.06 per share on revenue of $82.69 million.
PagerDuty lifted its outlook on full-year performance, with losses expected in a range of $0.12 to $0.10 per share on revenue of $365.0 million to $370.0 million, up from a prior estimates for losses of $0.21 to $0.17 per share on revenue of $364.0 million to $369.0 million.
