Shares of GitLab Inc. (NASDAQ: GTLB) rose sharply in pre-market trading after the company posted better-than-expected results for its third quarter and issued a strong forecast for FY24.
GitLab posted earnings of nine cents per share, exceeding the Street's estimate of losses of one cent per share. Quarterly sales of $149.70 million clocked in above analyst expectations of $141.49 million, according to Benzinga Pro.
The company said it sees full-year 2024 earnings to be between 12 cents and 13 cents per share, versus the estimate of losses of six cents. Full-year revenue is expected to be between $573 million and $574 million, versus the $558.14 million estimate.
GitLab shares gained 16.4% to $61.63 in pre-market trading.
Here are some other stocks moving in pre-market trading.
Gainers
- Wheeler Real Estate Investment Trust Inc (NASDAQ: WHLR) shares gained 62.5% to $0.46 in pre-market trading after falling over 12% on Monday.
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- NeuroSense Therapeutics Ltd. (NASDAQ: NRSN) rose 38.9% to $2.07 in ...
