GitLab Inc. reported its fourth-quarter earnings, surpassing analysts' expectations with an earnings per share (EPS) of $0.15 against the estimated $0.08 and sales of $163.78 million, marking a +28.72% increase YoY against the forecasted $158.21 million. Despite these positive results, the company's stock dropped significantly due to its weak earnings guidance for the upcoming quarter. GitLab anticipates a loss between $0.04 and $0.05 per share on revenue projections of $165 million to $166 million, which contrasts with the Street's expectations of a $0.06 EPS and $162.1 million in sales. This guidance has led to a notable decrease in GitLab's stock price, with reports indicating a drop of 8% shortly after the announcement and nearly 24% the following day.
*GITLAB SINKS ALMOST 20%, MOST SINCE MARCH 14, 2023 *TARGET CLIMBS 12%, TO HIGHEST INTRADAY SINCE APRIL 2023
GitLab shares drop as 'less conservative' forecast disappoints investors https://t.co/BPHfyy1UhV https://t.co/2s05hzvs2d
⚠️ GITLAB SHARES DROP AS 'LESS CONSERVATIVE' FORECAST DISAPPOINTS INVESTORS Full Story → https://t.co/ROdydCGYQg GitLab shares fell 24% on Tuesday after the software developer forecast full-year 2025 revenue and profit below Wall Street estimates, citing a cautious spending… https://t.co/xmzyBIYTUJ
GitLab issues soft guidance and its stock tanks after-hours https://t.co/wuWwND0Sac
GitLab Inc $GTLB Earnings: - Diluted EPS of -$0.23 - Adjusted Diluted EPS of $0.15 - Revenue of $163.8 million “We delivered a strong fourth quarter and continue to see large enterprise customers standardize on GitLab to realize business value,” said Sid Sijbrandij, GitLab CEO… https://t.co/ogF74SlQNJ
$GTLB GitLab anticipates reporting a loss between $0.04 and $0.05 per share on revenue of $165 million to $166 million. The Street was looking for normalized EPS of $0.06 and sales of $162.1 million. Wonder why the loss. Will listen to Conference call
GitLab’s weak earnings guidance is punishing its stock https://t.co/RPVHrIBwXP
GitLab’s stock drops 8% on weak earnings guidance https://t.co/JGKCN0uGpE
$GTLB | GitLab Q4 Earnings: - EPS $0.15 (Est. $0.08) 🟢 - Sales $163.78M (Est. $158.21M) 🟢 https://t.co/2PveXe2zK4
$GTLB GitLab will report earnings soon. Hopefully $83 Analysts estimate $158.21M in revenue (+28.72% YoY) and $0.08 in earnings per share (n/a YoY). https://t.co/83LvjTXAxy