Dynatrace Boosts FY24 Outlook; Q3 Results Top Estimates
(RTTNews) - While reporting financial results for the third quarter on Thursday, software intelligence provider Dynatrace, Inc. (DT) raised its adjusted earnings and revenue guidance for the full-year 2024. It also provided outlook for the fourth quarter.
For the fourth quarter, the company projects adjusted earnings in the range of $0.26 to $0.28 per share on total revenues between $372 million and $377 million.
On average, 26 analysts polled by Thomson Reuters expect the company to report earnings of $0.25 per share on revenues of $373.46 million for the quarter. Analysts' estimates typically exclude special items.
Looking ahead to fiscal 2024, the company now projects adjusted earnings in a range of $1.16 to $1.18 per share on total revenues between $1.422 billion and $1.427 billion.
Previously, the company expected adjusted earnings in the range of $1.09 to $1.12 per share on total revenues between $1.409 billion and $1.419 billion.
The Street is looking for earnings of $1.11 per share on revenues of $1.42 billion for the year.
For the third quarter, the company reported net income of $42.69 million or $0.14 per share, down from $15.03 million or $0.05 per share in the prior-year quarter. Excluding items, adjusted net income were $0.32 per share, compared to $0.25 per share in the year-ago quarter.
Total revenue for the quarter increased 23 percent, or 21 percent on a constant currency basis, to $365.10 million from $297.46 million in the same quarter last year.
Analysts expected earnings of $0.28 per share on revenues of $358.06 million for the quarter.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
Dynatrace Boosts FY26 Outlook - Update
Dynatrace Trims FY23 Outlook; Q1 Results Top Estimates
U.S. Dollar Ticks Lower As Investors Monitor Developments In Middle East
TSX Drops Nearly 2.5%; Materials, Tech Stocks Down Sharply
Swiss Market Ends Modestly Higher
Major European Markets End Mixed As Investors React To Earnings, Economic Data
Chicago Business Barometer Pulls Back But Still Indicates Growth In October
