By Adriano Marchese

PagerDuty shares fell Wednesday morning after the company lowered its expectations for revenue for the full year.

Shares traded 15% lower at $12.88.

Late Tuesday the cloud-computing company said that for the full year it now expects revenue of $490 million to $492 million, down from a previous expectation of $493 million to $497 million.

Adjusted earnings per share are expected higher, however, at $1.11 to $1.12, compared with its previous guidance of between $1.00 and $1.04.

For the fourth quarter, PagerDuty expects total revenue in a $122 million to $124 million range, which represents a growth range of between 0% and 2%. Analysts polled on FactSet expect $124 million.

Similarly for adjusted earnings per share, the company set a range of between 24 cents and 25 cents, compared with forecasts of 25 cents a share.

In its third quarter, PagerDuty generated 4.7% higher revenue at $124.5 million, just shy of analyst forecasts for $125 million. The company swung to a net income of $161.6 million from a loss of $5.9 million, which on a per-share basis was a profit of $1.69 compared with a loss of 7 cents.

In the quarter, the company received a benefit from provision for income taxes of $149.7 million.

Adjusted earnings per share, which strips out exceptional items, came to 33 cents, topping the 25 cents expected by analysts.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

November 26, 2025 09:36 ET (14:36 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.