Why PagerDuty Stock Took a Hit Friday

Shares of PagerDuty (NYSE: PD) fell sharply on Friday, declining 12.7% by the time the market closed. The stock's drop followed the digital operations management company's fiscal third-quarter results.

Bearishness toward the stock is likely due to PagerDuty's wider-than-expected adjusted loss per share and management's worsened outlook for its full-year adjusted loss per share.

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Source Fool.com