PagerDuty Shares Drop 8% on Guidance Miss

PagerDuty (NYSE:PD) experienced a decline of more than 8% intra-day today as its future outlook failed to meet expectations, despite reporting fiscal fourth-quarter earnings that exceeded analysts' predictions. For Q4, PagerDuty announced adjusted earnings of $0.17 per share and revenue of $111.1 million, surpassing the anticipated loss of $0.15 per share and revenue forecast of $110.4 million.

Looking ahead to the first quarter, PagerDuty anticipates adjusted earnings between $0.12 and $0.13 per share on revenue ranging from $110.5 million to $112.5 million. These projections fall short of analysts' expectations, which were set at $0.18 per share on revenue of $113.9 million.

For the entire fiscal year, the company predicts earnings will be between $0.65 and $0.70 per share, with revenue expected to be between $470 million and $478 million. This forecast contrasts with analysts' predictions of $0.72 earnings per share on $430 million in revenue.