GitLab shares are trading lower after the company issued Q1 and FY25 EPS guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
GitLab shares are trading lower following the company's announcement of Q1 and FY25 EPS guidance that fell below analyst estimates.
March 04, 2024 | 9:17 pm
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GitLab's stock price is experiencing a downturn after the company projected Q1 and FY25 earnings per share below market expectations.
The announcement of lower-than-expected earnings per share (EPS) guidance for both the first quarter and the full fiscal year 2025 has led to a negative reaction in the market. This is because EPS is a key indicator of a company's profitability, and guidance below estimates can signal potential challenges ahead, influencing investor sentiment and stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100