GitLab Stock Rises After Hours: Q2 Earnings Beat, Guidance Raised
Portfolio Pulse from Ryan Gustafson
GitLab Inc. (NASDAQ:GTLB) reported Q2 earnings of one cent per share, beating the analyst consensus estimate of losses of three cents. Revenues of $139.58 million also beat the estimate of $129.67 million, growing 38.14% YoY. The company raised its Q3 and full-year 2024 guidance. The stock rose 4.14% in the after-hours session.
September 05, 2023 | 9:07 pm
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POSITIVE IMPACT
GitLab's Q2 earnings and revenues beat estimates, and the company raised its future guidance. This positive news led to a rise in the stock price in after-hours trading.
GitLab's better-than-expected Q2 earnings and revenues, along with raised future guidance, are positive indicators of the company's performance and growth prospects. This news is likely to be well-received by investors, leading to increased demand for the stock and a potential rise in its price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100