Recap: DigitalOcean Holdings Q1 Earnings - DigitalOcean Holdings (NYSE:DOCN)

DigitalOcean Holdings DOCN reported its Q1 earnings results on Wednesday, May 4, 2022 at 04:00 PM.

Here's what investors need to know about the announcement.

DigitalOcean Holdings missed estimated earnings by 41.67%, reporting an EPS of $0.07 versus an estimate of $0.12.

Revenue was up $33.67 million from the same period last year.

Last quarter the company beat on EPS by $0.01 which was followed by a 7.62% increase in the share price the next day.

Here's a look at DigitalOcean Holdings's past performance:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	0.09	0.07	0.05	0.01
EPS Actual	0.10	0.12	-0.02	0
Revenue Estimate	119.05M	108.51M	98.29M	90.28M
Revenue Actual	119.66M	111.43M	103.81M	93.66M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

DigitalOcean Holdings management provided guidance for FY 2022, expecting earnings between $0.7 and $0.71 per share.

To track all earnings releases for DigitalOcean Holdings visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.