DT - Why Did Dynatrace Shares Fall 13% in February
2024-03-08 12:40:00 ET
Shares of Dynatrace (NYSE: DT) dropped 13% last month, according to data provided by S&P Global Market Intelligence . Investors were disappointed by its quarterly-earnings report; sales, cash flow, and key performance metrics were generally solid, while the company's forecasts and forward-looking commentary raised some concerns.
Dynatrace shares dropped after its Feb. 8 quarterly report and continued to slide lower throughout the month. The company narrowly beat Wall Street's estimates, with 23% revenue growth and adjusted earnings per share (EPS) of $0.32.
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Why Did Dynatrace Shares Fall 13% in February