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MarketWatch
Datadog stock rockets higher after profit tops expectations
Datadog Inc. shares were up more than 10% in premarket trading Thursday after the software company exceeded expectations with its third-quarter profit. The company reported a net loss of $26.0 million, or 8 cents a share, whereas it posted a loss of $5.5 million, or 2 cents a share, in the year-earlier quarter. On an adjusted basis, Datadog earned 23 cents a share, up from 13 cents a share a year prior, while analysts tracked by FactSet were anticipating 16 cents a share. Revenue increased to $4
