GitLab Falls On Q4 Results, Guides Below Estimates
Portfolio Pulse from Erica Kollmann
GitLab Inc. (NASDAQ:GTLB) reported Q4 earnings of 15 cents per share, surpassing the 8 cents estimate, with sales of $163.78 million beating the $158.21 million estimate. However, the company's outlook for Q1 and FY 2025 revenue and earnings per share falls below analyst estimates, leading to a 10.8% drop in after-hours trading.
March 04, 2024 | 9:30 pm
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GitLab Inc. reported higher than expected Q4 earnings and sales but provided a weaker outlook for Q1 and FY 2025, leading to a significant after-hours stock price drop.
Despite beating Q4 earnings and sales estimates, GitLab's stock price fell due to its future revenue and earnings guidance being below analyst expectations. This negative outlook likely concerns investors about the company's growth trajectory, impacting the stock negatively in the short term.
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