GitLab Stock Tumbles 21% on Weak Earnings Guidance

5
Comment
Favorite

GitLab Stock Tumbles 21% on Weak Earnings Guidance

Dow Jones03-05

GitLab Inc.’s stock dropped 20.8% in after-hours trading Monday after the company posted quarterly results that topped analysts’ estimates but issued weak guidance.

GitLab reported a fiscal fourth-quarter net loss of $37.6 million, or 23 cents a share, compared with a net loss of $42.1 million, or 26 cents a share, in the same quarter a year ago. Adjusted earnings were 15 cents a share.

Revenue climbed 33% to $163.8 million from $122.9 million in the year-ago quarter.

Analysts surveyed by FactSet had expected on average net income of 8 cents a share on revenue of $157.9 million.

GitLab projected full-year adjusted earnings of 19 cents a share to 23 cents a share, while FactSet analysts are forecasting 35 cents a share.

In a conference call with analysts, GitLab Chief Financial Officer Brian Robins chalked up conservative guidance to churn and contraction among customers.

Shares of GitLab have soared 45% this year, while the broader S&P 500 index has increased 27%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

No comments yet

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2417480170?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-03-05 07:10","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2417480170","market":"us","top_or_hot":-1,"title":"GitLab Stock Tumbles 21% on Weak Earnings Guidance","media":"Dow Jones","content":"<html><head></head><body><p style=\"text-align: start;\">GitLab Inc.’s stock dropped 20.8% in after-hours trading Monday after the company posted quarterly results that topped analysts’ estimates but issued weak guidance.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/08de944de70c2f9705e2ac97b1b410ee\" tg-width=\"844\" tg-height=\"622\"/></p><p style=\"text-align: start;\">GitLab reported a fiscal fourth-quarter net loss of $37.6 million, or 23 cents a share, compared with a net loss of $42.1 million, or 26 cents a share, in the same quarter a year ago. Adjusted earnings were 15 cents a share.</p><p>Revenue climbed 33% to $163.8 million from $122.9 million in the year-ago quarter.</p><p>Analysts surveyed by FactSet had expected on average net income of 8 cents a share on revenue of $157.9 million.</p><p>GitLab projected full-year adjusted earnings of 19 cents a share to 23 cents a share, while FactSet analysts are forecasting 35 cents a share.</p><p>In a conference call with analysts, GitLab Chief Financial Officer Brian Robins chalked up conservative guidance to churn and contraction among customers.</p><p>Shares of GitLab have soared 45% this year, while the broader S&amp;P 500 index has increased 27%.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GitLab Stock Tumbles 21% on Weak Earnings Guidance</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGitLab Stock Tumbles 21% on Weak Earnings Guidance\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-05 07:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GitLab Inc.’s stock dropped 20.8% in after-hours trading Monday after the company posted quarterly results that topped analysts’ estimates but issued weak guidance.GitLab reported a fiscal fourth-...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2417480170","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2417480170","pubTimestamp":1709593800,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"GitLab Inc.’s stock dropped 20.8% in after-hours trading Monday after the company posted quarterly results that topped analysts’ estimates but issued weak guidance.GitLab reported a fiscal fourth-quarter net loss of $37.6 million, or 23 cents a share, compared with a net loss of $42.1 million, or 26 cents a share, in the same quarter a year ago. Adjusted earnings were 15 cents a share.Revenue climbed 33% to $163.8 million from $122.9 million in the year-ago quarter.Analysts surveyed by FactSet h","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"GitLab股票因盈利指引疲软下跌21%","themeId":"c0d77e622a6742cf8335299f8317b4b4","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"GitLab Inc.’s stock dropped 20.8% in after-hours trading Monday after the company posted quarterly results that topped analysts’ estimates but issued weak guidance.GitLab reported a fiscal fourth-quarter net loss of $37.6 million, or 23 cents a share, compared with a net loss of $42.1 million, or 26 cents a share, in the same quarter a year ago. Adjusted earnings were 15 cents a share.Revenue climbed 33% to $163.8 million from $122.9 million in the year-ago quarter.Analysts surveyed by FactSet had expected on average net income of 8 cents a share on revenue of $157.9 million.GitLab projected full-year adjusted earnings of 19 cents a share to 23 cents a share, while FactSet analysts are forecasting 35 cents a share.In a conference call with analysts, GitLab Chief Financial Officer Brian Robins chalked up conservative guidance to churn and contraction among customers.Shares of GitLab have soared 45% this year, while the broader S&P 500 index has increased 27%.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":5,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}