{"id":210311,"date":"2024-03-05T07:34:30","date_gmt":"2024-03-05T07:34:30","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/03\/05\/gitlabs-weak-earnings-guidance-is-punishing-its-stock\/"},"modified":"2025-06-25T17:21:13","modified_gmt":"2025-06-25T17:21:13","slug":"gitlabs-weak-earnings-guidance-is-punishing-its-stock","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/03\/05\/gitlabs-weak-earnings-guidance-is-punishing-its-stock\/","title":{"rendered":"GitLab\u2019s weak earnings guidance is punishing its stock"},"content":{"rendered":"

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GitLab Inc.\u2019s stock dropped 22% in after-hours trading Monday after the company posted quarterly results that topped analysts\u2019 estimates but issued weak guidance. <\/p>\n

GitLab
\n GTLB,
\n +1.58%<\/bg-quote><\/a>
\n 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>\n

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Revenue climbed 33% to $163.8 million from $122.9 million in the year-ago quarter. <\/p>\n

Analysts surveyed by FactSet had expected on average net income of 8 cents a share on revenue of $157.9 million. <\/p>\n

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>\n

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

Shares of GitLab have soared 45% this year, while the broader S&P 500 index
\n SPX,
\n -0.12%<\/bg-quote><\/a>
\n has increased 27%.<\/p>\n<\/p><\/div>\n<\/div>\n

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[ad_1] GitLab Inc.\u2019s stock dropped 22% in after-hours trading Monday after the company posted quarterly results that topped analysts\u2019 estimates but issued weak guidance. GitLab<\/p>\n","protected":false},"author":1,"featured_media":210312,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[164],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/210311"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=210311"}],"version-history":[{"count":1,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/210311\/revisions"}],"predecessor-version":[{"id":340148,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/210311\/revisions\/340148"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/210312"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=210311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=210311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=210311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}