GitLab Q4 EPS $0.15 Beats $0.08 Estimate, Sales $163.78M Beat $158.21M Estimate
Portfolio Pulse from Happy Mohamed
GitLab (NASDAQ:GTLB) reported Q4 earnings of $0.15 per share, surpassing the $0.08 estimate, marking an 87.5% beat and a 600% increase from last year's losses. Sales reached $163.78M, exceeding the $158.21M estimate by 3.52% and showing a 33.25% year-over-year growth.
March 04, 2024 | 9:06 pm
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GitLab reported a significant beat on both EPS and sales estimates for Q4, with EPS at $0.15 vs. an $0.08 estimate and sales of $163.78M vs. a $158.21M estimate.
The significant beat on both earnings per share and sales estimates for GitLab in Q4 indicates strong financial performance and operational efficiency. This outperformance, especially the 600% increase in EPS from the previous year and a 33.25% increase in sales year-over-year, is likely to instill investor confidence and could lead to a positive short-term impact on GTLB's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100