Why Shares of PagerDuty Stock Are Rising Fast Today

Shares of PagerDuty (NYSE: PD), a digital operations management company, were climbing today after the company reported better-than-expected third-quarter results. PagerDuty reported non-GAAP (adjusted) earnings per share of $0.04, up from a loss of $0.07 in the year-ago quarter and easily outpacing analysts' consensus estimate of a loss of $0.04 per share. The company also beat Wall Street's top-line estimates, with PagerDuty reporting $94.2 million in the quarter, up 31% year over year, ahead of the average consensus estimate of $92.8 million.