GitLab Expects Q2 Revenue Of $176M - $177M (Est $176.733M), Adj EPS Of $0.09 - $0.10 (Est $0.05)
Portfolio Pulse from Benzinga Newsdesk
GitLab has announced its Q2 revenue expectations to be between $176M and $177M, slightly above the estimated $176.733M. The company also expects an adjusted EPS of $0.09 to $0.10, significantly higher than the estimated $0.05.
June 03, 2024 | 8:08 pm
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GitLab's Q2 revenue expectations are slightly above estimates, and its adjusted EPS forecast is significantly higher than expected. This positive outlook is likely to boost investor confidence.
The revenue expectations being slightly above estimates and the significantly higher adjusted EPS forecast indicate strong financial performance. This is likely to positively impact GitLab's stock price in the short term as it boosts investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100