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March 18, 2020, 4:19 p.m. EDT

PagerDuty stock rises as results top Street view

PagerDuty Inc. (NYS:PD) shares rose in the extended session Wednesday after the DevOps software company topped Wall Street estimates for the quarter. PagerDuty shares rose 2.2% after hours, following a 0.1% decline in the regular session to close at $14.92. The company reported a fiscal fourth-quarter loss of $10.4 million, or 14 cents a share, compared with $6.2 million, or 28 cents a share, in the year-ago period. The adjusted loss was 3 cents a share, compared with 14 cents a share in the year-ago period. Revenue rose to $45.9 million from $33.8 million in the year-ago quarter. Analysts surveyed by FactSet had forecast a loss of 6 cents a share on revenue of $45.1 million. PagerDuty expects an adjusted loss of 9 cents to 8 cents a share on revenue of $48 million to $49 million in the first quarter, and an adjusted loss of 31 cents to 25 cents a share on revenue of $208 million to $213 million for the year. Analysts had forecast a loss of 8 cents a share on revenue of $47.8 million for the first quarter, and 23 cents a share on revenue of $210.3 million for the year.

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