Why Shares of PagerDuty Stock Are Rising Fast Today
Shares of PagerDuty (NYSE: PD), a digital operations management company, were climbing today after the company reported better-than-expected third-quarter results. The company beat Wall Street's top- and bottom-line estimates and raised its full-year earnings guidance.
As a result, the tech stock was up by 7.1% as of 10:36 a.m. ET.
PagerDuty reported non-GAAP (adjusted) earnings per share of $0.04, up from a loss of $0.07 in the year-ago quarter and easily outpacing analysts' consensus estimate of a loss of $0.04 per share.
Source Fool.com
