5 Stocks Making Headlines After Financial Results

3. PagerDuty, Inc. (NYSE:PD)

Number of Hedge Fund Holders: 30

Shares PagerDuty, Inc. (NYSE:PD) jumped more than 10 percent in the pre-market trading session on Wednesday, December 8, 2021, after the cloud computing company delivered impressive financial results for its fiscal third quarter.

PagerDuty, Inc. (NYSE:PD) reported an adjusted loss of 7 cents per share, narrower than the loss of 9 cents per share estimated by analysts. Revenue for the quarter climbed 33 percent on a year-over-year basis to $71.8 million, beating expectations of $70.2 million.

The company also released the financial outlook for its fiscal fourth quarter. PagerDuty, Inc. (NYSE:PD) expects adjusted loss in the range of 5 – 6 cents per share and revenue between $75.5 million – $76.5 million. Analysts were looking for a loss of 8 cents per share on revenue of $73.7 million for the current quarter.

CEO of PagerDuty, Inc. (NYSE:PD), Jennifer Tejada, expressed her pleasure with the results, saying:

“Q3 was an outstanding quarter for PagerDuty as we delivered record revenue of $72 million and grew 33% year over year. Our product innovation continues to accelerate across use cases and departments as we empower enterprises to mature their digital operations and deliver superior customer experiences.”