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June 6, 2019, 4:31 p.m. EDT

PagerDuty's post-IPO earnings report, forecast beat expectations; shares up 9%

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By Jeremy C. Owens

PD

In its first earnings report since an initial public offering and early trading that ramped up expectations, PagerDuty Inc. /zigman2/quotes/210571191/composite PD -1.07% predicted that sales would grow nearly 40% this year and saw shares gain even more. The enterprise-software company reported losses of $12.1 million, or 37 cents a share, on revenue of $37.3 million. After accounting for stock-based compensation, the company claimed a loss of 22 cents a share. Analysts on average expected adjusted losses of 23 cents a share on sales of $35 million, according to FactSet. The company said it expects to report an adjusted loss of 37 cents to 38 cents a share for the full year on revenue of $161 million to $163 million. Analysts surveyed by FactSet on average expected full-year losses of 39 cents a share on revenue of $155.8 million, according to FactSet. PagerDuty stock -- which priced at $24 in the IPO -- jumped more than 9% in after-hours trades following the announcement, after closing at $47.56.

/zigman2/quotes/210571191/composite
US : U.S.: NYSE
$ 29.69
-0.32 -1.07%
Volume: 2.42M
July 6, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$2.36 billion
Rev. per Employee
N/A
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