PagerDuty Shares Drop 7% on Weak Guidance 
<p><a href='https://financialmodelingprep.com/financial-summary/PD'>PagerDuty (NYSE:PD)</a> experienced a decline of over 7% on Friday following the company's issuance of a forecast that fell short of expectations.</p>
<p>Second quarter earnings per share (EPS) of $0.19 exceeded the Street estimate of $0.11. Furthermore, the revenue exhibited a year-over-year growth of 19.2%, reaching $107.6 million, which surpassed the Street estimate of $104.46 million.</p>
<p>In the third quarter of 2024, PagerDuty anticipates revenue to fall within the range of $106.5 million to $108.5 million, signifying a growth rate of 13% to 15% year-over-year. The projected EPS stands at $0.13 to $0.14. These figures contrast with the consensus estimates of $106.91 million in revenue and $0.15 in EPS.</p>
<p>For the full year, the company anticipates the EPS to range from $0.60 to $0.65, compared to the Street forecast of $0.62. Similarly, the revenue forecast spans from $426 million to $430 million, in contrast to the Street estimate of $427.7 million.</p>

NYSE:PD