DigitalOcean Shares Drop 10% on Weak Outlook Despi…
From N/A: 2024-11-04 11:45:00
DigitalOcean (NYSE:DOCN) shares dropped 10% after Q3 results beat expectations but Q4 guidance missed. Q3 EPS was $0.52, revenue $198M, and adjusted EBITDA $86.7M. Q4 EPS guidance $0.27-$0.32, revenue $199M-$201M. Full year 2024 EPS forecast raised to $1.70-$1.75 and revenue projected at $775M-$777M, both above estimates.
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