GitLab Q1 Earnings: Revenue Beat, EPS Beat, Raised Guidance And More
Portfolio Pulse from Adam Eckert
GitLab Inc (NASDAQ:GTLB) reported strong Q1 earnings, beating both revenue and EPS estimates. The company saw a 33% YoY revenue increase and raised its full-year guidance. Despite positive results, the stock was down 1.83% in after-hours trading.
June 03, 2024 | 8:28 pm
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GitLab reported strong Q1 earnings, beating both revenue and EPS estimates. The company saw a 33% YoY revenue increase and raised its full-year guidance. Despite positive results, the stock was down 1.83% in after-hours trading.
GitLab's strong Q1 performance and raised guidance indicate positive business momentum. However, the after-hours stock decline suggests market volatility or profit-taking. Overall, the positive earnings and guidance should support the stock in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100