GitLab: Q1 Earnings Insights
Portfolio Pulse from Benzinga Insights
GitLab (NASDAQ:GTLB) reported Q1 earnings with an EPS of $-0.06, beating estimates by 57.14%. Revenue was up $39.47 million YoY. Last quarter, the company beat EPS estimates by $0.11, followed by a 23.86% drop in share price the next day.
June 05, 2023 | 8:15 pm
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GitLab's Q1 earnings beat estimates with an EPS of $-0.06 and revenue up $39.47 million YoY. However, last quarter's beat was followed by a 23.86% drop in share price.
GitLab's Q1 earnings beat estimates, which is generally a positive signal for the stock. However, the company's share price dropped 23.86% the day after last quarter's earnings beat. This mixed performance makes it difficult to predict the short-term impact on the stock price, resulting in a neutral score.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100