SMCI - GitLab Issues Weak Earnings Forecast Joins Stitch Fix Albemarle And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session | Benzinga
U.S. stock futures were lower this morning, with the Dow futures trading lower by around 50 points on Monday.
Shares of GitLab Inc. (NASDAQ: GTLB) fell sharply in today’s pre-market trading after the company issued earnings guidance below estimates.
The company reported quarterly earnings of 15 cents per share which beat the analyst consensus estimate of 8 cents per share. Quarterly sales clocked in at $163.78 million, beating the analyst consensus estimate of $158.21 million, according to data from Benzinga Pro.
The company sees fiscal year 2025 earnings per share between 19 cents and 23 cents, below the 35 cents per share consensus estimate.
GitLab shares tumbled 22.4% to $57.80 in pre-market trading.
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