PagerDuty falls on downbeat Q3 profit forecast

** Shares of software company PagerDuty PD down 10.2% at $23.13 premarket

** Co forecasts Q3 adj. profit below analysts' estimates

** Sees Q3 non-GAAP net income per share between $0.13 and $0.14 vs ests of $0.15 - Refinitiv

** Expects Q3 revenue of $106.5 mln-$108.5 mln, compared with analysts' ests of $106.9 mln

** Brokerage Baird downgrades the stock to "neutral"; cuts PT to $25 from $32

** Truist Securities and Craig-Hallum also cut PTs to $25

** Co, however, posts Q2 rev and adjusted EPS above analysts expectations; sees 2024 total revenue between $426 mln-$430 mln

** As of last close, PD shares down 3% YTD