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 05, 2024 | 12:16 pm
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NEGATIVE IMPACT
GitLab's announcement of lower-than-expected Q1 and FY25 EPS guidance has led to a decrease in its stock price.
The announcement of earnings guidance that does not meet analyst expectations typically results in a negative short-term reaction in the stock market. Given that GitLab's guidance for both Q1 and FY25 was below estimates, it's reasonable to expect a decrease in investor confidence, leading to a short-term decline in GTLB's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100