GitLab Inc (GTLB) Tops Q4 EPS by 7c, Guidance Misses

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Go back to GitLab Inc (GTLB) Tops Q4 EPS by 7c, Guidance Misses

GitLab dives 20% on profitability guide; analyst says market reaction is 'overblown'

March 5, 2024 4:02 AM EST

GitLabs (NASDAQ: GTLB) shares are down more than 20% in premarket trading Tuesday after the software companys full-year profitability guidance missed Wall Streets estimates.

For the fiscal Q4 2024, GitLab reported earnings per share (EPS) of $0.15, surpassing the analyst forecast of $0.08. Revenue for the quarter reached $163.8 million, above the anticipated $157.89 million.

The company... More