Why PagerDuty Stock Tumbled on Friday

Shares of PagerDuty (NYSE: PD) tumbled in late morning trading Friday, falling 7% through 11:45 a.m. ET after the digital operations management company reported a modest earnings beat but warned that near-term results could be somewhat worse than expected.

Analysts had forecast that PagerDuty would lose $0.08 per share, pro forma, on sales of $82.7 million in its fiscal first quarter 2023. As it turned out, it lost only $0.04 per share and scored sales of $85.4 million.  

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Source Fool.com