Datadog’s Estimate-Beating Forecast Falls Flat After 145% Rally

(Bloomberg) -- Datadog Inc. tumbled in extended trading after an estimate-beating revenue forecast failed to satisfy investors that have watched the stock more than double this year.

The maker of data-monitoring software forecast fourth quarter revenue of $162 million to $164 million, exceeding the highest analyst estimate tracked by Bloomberg. Its third-quarter revenue and earnings per share excluding some items also topped the highest estimates. The stock fell as much as 11%.

Datadog also reported an extension of a partnership with Alphabet’s Google for cloud applications.

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