People celebrate the Gitlab IPO at the Nasdaq, October 14, 2021.
GitLab shares plunged as much as 38% in extended trading after the provider of source code management software gave full-year revenue guidance that fell short of expectations.
Here’s how the company did:
- Earnings: Loss of 3 cents per share, adjusted, vs. loss of 14 cents per share as expected by analysts, according to Refinitiv.
- Revenue: $122.9 million, vs. $119.6 million as expected by analysts, according to Refinitiv.
Revenue increased 58% year over year in the quarter that ended Jan. 31, according to a statement.
GitLab called for a fiscal first-quarter adjusted loss of 14 cents to 15 cents per share on $117…